Professional Development Online Self-Paced

Review of the Consumer Leasing Act (OSP)

The Consumer Leasing Act (CLA) was passed in 1976 to protect those entering into a consumer lease for personal property. The CLA is designed to require meaningful and accurate disclosure of all lease terms prior to entering into a contract, providing consumers the opportunity to compare the true cost of leasing an item against possibly financing with credit or paying cash. The CLA also works to limit balloon payments, which are commonly due at the conclusion of a lease agreement. In addition, limits are imposed by the CLA to protect consumers from false or misleading advertisements. This professional development online course provides a review of the provisions of the Consumer Leasing Act, including definitions associated with the Act, an explanation of who is regulated, its disclosure and advertising requirements, and the consequences of committing violations.


SKU 4306US00240A00


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