Rhode Island · H8243

An act relating to commercial law -- General regulatory provisions -- Deceptive trade practices (Prohibits disclosure terms "dow

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Died

This idea didn't make it. It stopped moving and won't become a law this time.

Stage 4 of 6Stopped at first chamber

1
Sponsors: 0
Votes: Apr 2
Last action

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AI summary

Written by AI from the bill text. Check the official text before relying on it.

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.

Subjects

Commercial law

Progress

IntroducedMar 6, 2026
Sent to committeeMar 6, 2026
FailedApr 2, 2026

From official state and federal legislative records. Informational only, not legal advice.