12 CFR Part 1013 - Consumer Leasing (Regulation M)
Regulation M protects people when they use consumer leases.
Consumer leases may include:
- Automobile leases, Furniture leases, & Other personal property leases
- Closed-end (“walk-away”) leases
- Open-end leases
The regulation covers topics such as:
- Disclosure of lease schedule and payments
- Early termination notices
- Purchase option disclosures
- Lease renegotiations, extensions, and assumptions
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