Interactive PDT: Review of the Consumer Leasing Act

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The Consumer Leasing Act (CLA) is designed to require meaningful and accurate disclosure of all lease terms prior to entering into a contract, providing consumers the opportunity to compare the true cost of leasing an item against financing with credit or paying cash. The CLA also works to protect consumers from false or misleading advertisements. The following course provides a review of the provisions of the Consumer Leasing Act, including definitions associated with the Act, an explanation of who is regulated, its disclosure and advertising requirements, and the consequences of committing violations.

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