,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #eibh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #be1 #bjaf,mr4  
,delaney 7= himself & ,mr4 ,c>ney7      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to am5d ! ,consum] ,f9ancial   
,protection ,act ( #bjaj to e/abli%     
requirem5ts relat+ to r5t-to-own        
transactions1 & = o!r purposes4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,exp&+ ,r5t-to-,own ,protections ,act ( 
#bjaf4  #b4 ,r5t-to-own transactions    
7a7 ,def9ition ( r5t-to-,own transaction
 ,section #ajjb7e7 ( ! ,consum]         
,f9ancial ,protection ,act ( #bjaj 7#ab 
,u4,s4,c4 #edha7e77 is am5d$--  7#a7 by 
r$esignat+ subp>agraphs 7,a7 & 7,b7 z   
clauses 7i7 & 7ii71 respectively 7&     
con=m+ ! m>g9s accord+ly72  7#b7 9      
clause 7ii71 z s r$esignat$1 by /rik+ ! 
p]iod at ! end & ins]t+ 2 or2  7#c7 by  
/rik+ means any f9ancial product or     
s]vice t is describ$ 9 "o or m          
categories "u-- & ins]t+  means-- 7,a7  

any f9ancial product or s]vice t is     
describ$ 9 "o or m categories "u--  2 & 
7#d7 by add+ at ! end ! foll[+ new      
subp>agraph3  7,b7 a contract 9 ! =m ( a
 t]m9able lease or bailm5t ( p]sonal    
prop]ty 7o!r ?an a lease or bailm5t ( a 
motor vehicle z def9$ 9 section         
#ajbi7;f77 us$ by a consum] prim>ily =  
p]sonal1 family1 or h\sehold purposes1  
"u :i*--  7i7 a consum] has ! "r (      
possession & use ( su* prop]ty & has !  
option to r5ew ! contract p]iodically by
 mak+ paym5ts specifi$ 9 ! contract2 &  
7ii7 a sell] agrees1 9 writ+ or orally1 
to transf] own]%ip ( su* prop]ty to !   
consum] ^u ! fulfillm5t ( all           
obligations ( ! consum] "u ! contract = 
t transf]4  4  7b7 ,regulations relat+  
to r5t-to-,own transactions ,pursuant to
 au?ority grant$ "u section #ajca ( !   
,consum] ,f9ancial ,protection ,act (   
#bjaj 7#ab ,u4,s4,c4 #eeca71 ! ,bureau (
 ,consum] ,f9ancial ,protection %all    
prev5t unfair1 deceptive1 or abusive    
acts or practices 9 connection ) any    

contract describ$ 9 section             
#ajjb7e77;,b7 ( ! ,consum] ,f9ancial    
,protection ,act ( #bjaj 7z add$ by ?is 
,act7 &1 n lat] ?an #a ye> aft] ! date (
 ! enactm5t ( ?is ,act1 %all issue      
regulations id5tify+ me?ods to protect  
consum]s f ent]+ into su* contracts4