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RI H5567
Bill
Status
Introduced
2/26/2025
Primary Sponsor
Brian Newberry
Click for details
AI Summary
Legislative Description
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.
Commercial Law
Last Action
Committee recommended measure be held for further study
3/13/2025
Committee Referrals
Corporations2/26/2025
Full Bill Text
No bill text available