| Every rent to own franchise needs to have an | | | | - house bill 1767 and S 1012 in the Senate. These |
| owner who has a strong understanding of | | | | two bills have bi-partisan support. It seems that |
| contract and lease law. Every time a costumer | | | | both Republican and Democrats want to help rent |
| signs an agreement to rent or purchase a product | | | | to own franchises define their lease agreements |
| that a rent to own business is marketing contract | | | | with their customers. The Association of |
| laws are enacted. These laws are often viewed | | | | Progressive Rental Organizations (APRO) advises |
| at the local level, but recent federal movement is | | | | that these pending feral laws would provide |
| changing this aspect of the rent to own business. | | | | "proper balance between consumer protections |
| Many of the laws and statues affecting rent to | | | | and small business competition." |
| own business are local and state laws. In ten | | | | The rent to own bill co-sponsors for these two |
| states small rent to own businesses can join rent | | | | bills are confident that the bills will come out of |
| to own state associations to help them better | | | | the Senate Banking Committee and the House |
| interpret what the local and state laws mean. This | | | | Financial Services Committee's Subcommittee on |
| is a useful tool in today's legal society, and a state | | | | Financial Institutions and Consumer Credit and |
| association is able to represent rent to own | | | | move on to general approval by both houses. This |
| centers at state legislative meetings. | | | | will help rent to own franchises and APRO prepare |
| Currently, at the federal level two bills are pending | | | | proper contracts for the customer. |
| that affect rent to own centers across the nation | | | | |