The act limited balloon payments in consumer leases and enabled consumers to compare lease terms with credit terms where
Posted: Tue Mar 08, 2022 9:39 am
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
A. Consumer leasing act
B. Risk disclosure act
C. ALLL
D. None of these