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RI H5567

Bill

Status

Introduced

2/26/2025

Primary Sponsor

Brian Newberry

Click for details

Origin

House of Representatives

2025 Regular Session

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