SENATE 571116th CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Residential Rent to Own Protection Act
- Last Action
- 2/26/2019
Actions
- 2019-02-26Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2019-02-26Introduced in Senate
CRS Summary
As of 2019-02-26 (00)
Residential Rent to Own Protection Act
This bill establishes requirements regarding residential rent-to-own agreements. The bill
- requires residential property subject to rent-to-own agreements to comply with applicable state and local habitability laws,
- prohibits eviction of a purchaser of such an agreement except if ordered in a judicial proceeding,
- requires public documentation of these agreements, and
- establishes civil penalties for violations.
The Consumer Financial Protection Bureau must promulgate regulations under this bill.
Cosponsors (1)
- Tina Smith (D-MN)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.