Rhode IslandAN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- DECEPTIVE TRADE PRACTICES
What it does
Prohibits disclosure terms "down payment", "money down", or any similar language to describe lump sum payments in order to reduce monthly lease payments. Provides that lump sum payments are non-refundable in the event of a total loss of the vehicle.
Where do you stand?
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 204/02/2026 Committee recommended measure be held for further studyLatest
- Mar 2703/27/2026 Scheduled for hearing and/or consideration (04/02/2026)
- Mar 603/06/2026 Introduced, referred to House CorporationsIntroduced