The act limited balloon payments in consumer leases and enabled consumers to compare lease terms with credit terms where

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answerhappygod
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The act limited balloon payments in consumer leases and enabled consumers to compare lease terms with credit terms where

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The act limited balloon payments in consumer leases and enabled consumers to compare lease terms with credit terms where appropriate. The act was implemented by Regulation M (Consumer Leasing). It requires disclosures to consumers before consummation of the lease agreement. This act is:

A. Consumer leasing act
B. Risk disclosure act
C. ALLL
D. None of these
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