The legislature's own summary of the bill, or its official long title.
This Act amends Title 6 by adding "lease-purchase property" to the Delaware Lease-Purchase Agreement Act. Pursuant to the Act, "lease-purchase property" means personal property that is owned by the lessor at the time it is displayed and offered for lease-purchase to the consumer. The Act provides that, for lease-purchase property offered online and available for online sale or sale by e-commerce, a lessor may…
Read the full title (159 words)
This Act amends Title 6 by adding "lease-purchase property" to the Delaware Lease-Purchase Agreement Act. Pursuant to the Act, "lease-purchase property" means personal property that is owned by the lessor at the time it is displayed and offered for lease-purchase to the consumer. The Act provides that, for lease-purchase property offered online and available for online sale or sale by e-commerce, a lessor may satisfy the lessor's disclosure obligations under § 7606(c) by electronic disclosure. Similarly, for personal property, other than lease-purchase property, that is offered for lease-purchase by a lessor, the lessor must disclose electronically the cash price of the item and the amount of the lease payment and the total amount of lease payments necessary to acquire ownership. These disclosures must be made before any of the disclosures required by § 7603 of the Delaware Lease-Purchase Agreement Act. Finally, the Act makes technical corrections to conform existing law to the standards of the Delaware Legislative Drafting Manual.
Every action
7 steps, oldest first, as the legislature records them.
CommitteeIntroduced and Assigned to Banking, Business, Insurance & Technology Committee in Senate · Senate Banking, Business, Insurance & Technology
CommitteeReported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 3 Favorable, 4 On Its Merits · Senate Banking, Business, Insurance & Technology
SenatePassed By Senate. Votes: 20 YES 1 ABSENT20–0 vote
CommitteeAssigned to Economic Development/Banking/Insurance & Commerce Committee in House · House Economic Development/Banking/Insurance & Commerce
CommitteeReported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 12 On Its Merits · House Economic Development/Banking/Insurance & Commerce
HousePassed By House. Votes: 32 YES 9 ABSENT32–0 vote
GovernorSigned by Governor
Roll calls
2 recorded votes: 2 on the floor, 0 in committee. Each shows how every member voted.
Passed By Senate. Votes: 20 YES 1 ABSENT · Full Senate