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  1. 1 Ιαν 2024 · Regulation M protects people when they use consumer leases. View current regulation. View all versions of this regulation. Search this regulation. Consumer leases may include: Automobile leases, Furniture leases, & Other personal property leases. Closed-end (“walk-away”) leases. Open-end leases. The regulation covers topics such as:

  2. 15 Οκτ 2024 · Regulation M applies to all persons (including branches of foreign banks or leasing companies located in the United States) that offer consumer leases to residents of any state (including foreign nationals) as defined in § 213.2(p).

  3. For consumers, leasing is an alternative to buying either with cash or on credit. A lease is a contract between a lessor (the property owner) and a lessee (the property user) for the use of property subject to stated terms and limitations for a specified period and at a specified payment.

  4. 1 Μαρ 2017 · Regulation M implements the Consumer Leasing Act. It applies to all persons who regularly lease, offer to lease, or arrange for the lease of personal property under a consumer lease.

  5. Regulation M, Consumer Leasing, implements the Consumer Leasing Act (15 USC 1667 et seq.), which was enacted in 1976. A major purpose of the act is to ensure that consumers receive meaningful and accurate disclosure of the terms of a lease before entering into a contract to lease personal property.

  6. 3 Μαρ 2021 · The Consumer Leasing Act (15 U.S.C. § 1667 et seq.) (CLA) was passed in 1976 so consumers get meaningful and accurate disclosure of lease terms before they enter into a contract.

  7. eCFR :: 12 CFR Part 1013 -- Consumer Leasing (Regulation M) The Electronic Code of Federal Regulations. Enhanced content is provided to the user to provide additional context. Title 12. Displaying title 12, up to date as of 10/15/2024. Title 12 was last amended 10/15/2024.

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