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IN SB0237
Bill
Status
2/25/2013
Primary Sponsor
Brent Steele
Click for details
AI Summary
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Allows lessors to charge up to $2.50 fee for rental payments made by telephone, but only when the lessee requests this payment method and live employee interaction occurs
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Requires lessors to disclose telephone payment fees in the rental purchase agreement and post signs at store locations informing lessees of the fee amount and alternative free payment methods
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Extends the reinstatement period for lessees who fail to make timely payments from 60 days to 120 days after surrendering property
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Changes the deadline for lessees to surrender property after lessor request from "promptly" to within 7 days
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Makes certain fees and charges in rental purchase agreements subject to periodic adjustment based on the Consumer Price Index, using October 2012 as the reference base
Legislative Description
Rental purchase agreements.
Last Action
Third reading: failed for lack of constitutional majority; Roll Call 488: yeas 48, nays 45
4/15/2013