Effective Regulation of Rent-to-Own Contracts
James P. Nehf
Indiana University Robert H. McKinney School of Law
September 8, 1991
Effective Regulation of Rent-to-Own Contracts,Law Journal No. 751-845, 1991
Rent-to-own contracts are common in low-income households, where consumers pay significantly more to own consumer goods compared to consumers who have other purchasing alternatives (e.g., credit cards, cash). Regulation of rent-to-own contracts exists in most states, but very few laws address the most pernicious aspects of these agreements. In this article the author reviews the legal history of rent-to-own contracts and proposes several changes to existing law that would make them less onerous for low income consumers.
Number of Pages in PDF File: 64
Keywords: rent-to-own, RTO, consumer, low incomeAccepted Paper Series
Date posted: September 9, 2011
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