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
- 2025
- Mar 1303/13/2025 Committee recommended measure be held for further studyLatest
- Mar 703/07/2025 Scheduled for hearing and/or consideration (03/13/2025)
- Feb 2602/26/2025 Introduced, referred to House CorporationsIntroduced