· RI legislature · 2025

AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- DECEPTIVE TRADE PRACTICES

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.

Sponsor

Ryan Pearson (D-RI)

Introduced

2025-02-07

Policy area

Commerce

Latest action

04/01/2025 Committee recommended measure be held for further study