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
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
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