MLchartDataset catalogue

Consumer Leasing Act

Term · Law · MLC-T-LAW-001240

A federal law, Chapter 5 of the Truth in Lending Act, that requires lessors to disclose key lease terms before a consumer signs. It covers leases of personal property used mainly for personal, family or household purposes, with a term over four months and a total obligation up to an inflation-adjusted ceiling of $73,400 in 2026. Regulation M implements the Act.

Table 1. Record
IdentifierMLC-T-LAW-001240
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001240",
  "term": "Consumer Leasing Act",
  "field": "Law",
  "definition": "A federal law, Chapter 5 of the Truth in Lending Act, that requires lessors to disclose key lease terms before a consumer signs. It covers leases of personal property used mainly for personal, family or household purposes, with a term over four months and a total obligation up to an inflation-adjusted ceiling of $73,400 in 2026. Regulation M implements the Act.",
  "url": "https://mlchart.com/terminology/law/consumer-leasing-act/"
}

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