Bill Sponsors: TN HB1588 | 2011-2012 | 107th General Assembly

Bill Title: As introduced, prohibits a lessor from charging more than two and a half times the cash price of any merchandise subject to a rental-purchase agreement; requires lessor to keep records of lessor's cost for the merchandise; provides that violation results in the agreement being voided and retention of the merchandise by the consumer. - Amends TCA Title 47, Chapter 18.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2011-03-16 - Taken Off Notice For Cal. in s/c Commerce Subcommittee of Commerce Committee [HB1588 Detail]

Text: Latest bill text (Draft #2) [PDF]

Sponsors

NameTypeContactPhoneDistrictSponsorshipState ProfileFinancialEncyclopediaBiography
Senator Brenda Gilmore [D]SponsorInactiveInactiveSD-019Sponsored BillsInactiveFollowTheMoneyBallotpediaVoteSmart

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