Consumer Leasing (Regulation M)

Key Points

• 1Leasing companies must provide written disclosure of all charges, including monthly payments, fees, wear-and-tear conditions, and end-of-lease costs before you sign
• 2Companies cannot hide surprise fees or bury important information in fine print—all terms must be in plain, easy-to-understand language
• 3You have the right to cancel a lease agreement within a certain period and receive a full explanation of any cancellation penalties
• 4The regulation covers all personal property leases (cars, furniture, electronics) for consumers, not just major purchases
• 5The Federal Reserve enforces these rules and can penalize companies that violate disclosure requirements or trick consumers

Impact Assessment

Key Dates