Bill116th CongressFiled Feb 26, 2019Finance and Financial Sector
S. 571
Residential Rent to Own Protection Act
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
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Became LawLaw
What it doesSummary 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.
What just happenedFeb 26, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Merkley, Jeff [D-OR](D-OR)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions8subjects
- Introduced in SenateFeb 26, 2019
- Feb 26, 2019IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Feb 26, 2019IntroReferral10000
Introduced in Senate