S. 571 · 116th Congress
Residential Rent to Own Protection Act
- Stage
- In committee
- Sponsor
- Jeff Merkley
- Introduced
- 2019-02-26
- Latest action
- 2019-02-26 · Introduced in Senate
Summary
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.