SENATE BILL 778

Sponsored By:

Senator Pugh

Entitled:

Commercial Law - Rental-Purchase Agreements - Disclosures

Synopsis:

Requiring a specified lessor to maintain specified records for a specified period of time; requiring a lessor to provide a written receipt and a written statement to a consumer under specified circumstances; requiring that a written receipt contain specified information; prohibiting a lessor from bringing a specified court action unless a specified notice is given to the consumer; etc.

History by Legislative and Calendar Date

Senate Action

2/3

First Reading Finance

2/20

Hearing 3/13 at 1:00 p.m.

3/7

Hearing cancelled

Hearing 3/21 at 1:00 p.m.

3/26

Favorable with Amendments Report by Finance

3/22

Favorable with Amendments {417471/1 Report Adopted

Second Reading Passed with Amendments

3/23

Third Reading Passed (46-1)

3/31

Returned Passed

House Action

3/25

First Reading House Rules and Executive Nominations

3/30

Re-referred Economic Matters

4/4

Favorable Report by Economic Matters

3/30

Favorable Report Adopted

Second Reading Passed

3/31

Third Reading Passed (97-40)

Action after passage in Senate and House

5/22

Approved by the Governor

- Chapter 575

Bill indexed under the following Subjects:

Advertising

Arbitration -see also- Mediation

Attorneys' Fees

Attorney General

Civil Actions -see also- Small Claims

Consumer Protection -see also- Unfair Trade Practices

Contracts -see also- Land Installment Contracts; Procurement

Court Costs

Disclosure

Electronic Government

Equipment -see also- Motor Vehicle Equipment

Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates.

Forms

Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins

Interest

Leases and Rent

Notices

Penalties and Sentences -see also- Death Penalty

Prices -see also- Consumer Price Index

Records -see also- Land Records; Vital Records

Rules and Regulations

Security Deposits

Unfair Trade Practices

Bill affects the following Statutes:

Commercial Law

( 12-1106.1 , 12-1107 , 12-1110.1 , 12-1111.1 )

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments:

Senate

Number: 417471/01     Offered on: March 26, 2012   at: 8:53 p.m.     Status: Adopted

Committee Votes :

Senate

Finance

House

Economic Matters

Roll Call Votes (Legislative dates are shown):

Senate

March 23, 2012: Third Reading Passed (46-1)

House

March 31, 2012: Third Reading Passed (97-40)