S. 571 · 116th Congress
Residential Rent to Own Protection Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MerkleySponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill establishes requirements regarding residential rent-to-own agreements. The bill
What it does: CRS summary · Introduced in Senate · Feb 26, 2019
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Residential Rent to Own Protection Act
Latest action (Feb 26, 2019): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Feb 26, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.