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Committee modernizes rent‑to‑own law to allow digital disclosures and third‑party retail arrangements
Summary
The Senate committee approved amendments updating the Consumer Rental Purchase Agreement Act to allow digital notices, to clarify licensing for third‑party retail locations and to modernize fee and enforcement provisions; the measure passed unanimously in committee.
Senator Bonner presented amendments to the Consumer Rental Purchase Agreement Act to update the statute for online transactions, digital disclosures and arrangements where third‑party retailers offer rent‑to‑own options handled by an out‑of‑state merchant. The committee approved the amendments and advanced the bill.
The changes clarify that required pricing and ownership disclosures may be provided electronically and that transactions initiated at third‑party retail locations (for example, a big‑box store facilitating an…
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