The amendment changes references to 'Administrator' to 'Commissioner' throughout the act, adds new sections for prohibited provisions and licensing requirements, and modifies existing sections related to fees and notices.
SF0146
Amendments to Consumer Rental Purchase Agreement Act
In one sentence
This act amends Wyoming's Consumer Rental-Purchase Agreement Act by allowing rental purchase agreements at independent third-party retail locations and online, setting new licensing requirements for merchants, and providing rules for digital agreements.
What it does
- Allows rental-purchase agreements to be made at independent third-party retailer locations or through an online presence.
- Updates the definition of 'place of business' to include a merchant's website or mobile application.
- Requires clear disclosures in rental-purchase agreements, including notices about consumer rights and prohibitions on certain fees.
- Establishes rules for digital agreements and provides guidelines for electronic commerce transactions.
Who it affects
- Consumers entering into rental-purchase agreements
- Merchants offering rental-purchase property
Limits and unknowns
- The bill does not specify all details about how digital agreements will be implemented.
- It is unclear what specific rules the administrator will create regarding reinstatement fees and pickup/redelivery fees.
- The exact amount of processing fees for licenses remains to be determined by rule.
Plain language
Terms to know
- Administrator
- The state banking commissioner who oversees the act's requirements.
- Rental-Purchase Agreement
- An agreement between a consumer and merchant for the use of property primarily for personal, family or household purposes.
Official record
Sources
Official summary
Bill Summary - 25LSO-0628 Bill No.: SF0146 Effective: 7/1/2025 LSO No.: 25LSO-0628 Enrolled Act No.: SEA No. 0042 Chapter No.: 75 Prime Sponsor: Boner Catch Title: Consumer Rental Purchase Agreement Act-amendments. Has Report: No Subject: Consumer rental purchase agreements. Summary/Major Elements: This act amends the existing consumer rental purchase agreements statutes to allow for rental purchase agreements at independent third-party retail locations and online. This act provides requirements and limitations for online rental purchase agreements and updates license fees and the manner of investigating merchants for violations of the consumer rental purchase agreement statutes. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Public statements
Why lawmakers voted
Last checked Aug 5, 8:21 AM
Wyoming roll calls
Recorded votes
4 roll calls
H 3rd Reading:Passed 59-0-3-0-02025-02-26 · House59 yes 0 no
- Yes
- 59
- No
- 0
- Absent
- 0
- Excused
- 3
- Conflict
- 0
Yes 59
H08 - Transportation:Recommend Do Pass 9-0-0-0-02025-02-20 · House9 yes 0 no
S 3rd Reading:Passed 31-0-0-0-02025-02-03 · Senate31 yes 0 no
- Yes
- 31
- No
- 0
- Absent
- 0
- Excused
- 0
- Conflict
- 0
Yes 31
S07 - Corporations:Recommend Do Pass 5-0-0-0-02025-01-29 · Senate5 yes 0 no
- Yes
- 5
- No
- 0
- Absent
- 0
- Excused
- 0
- Conflict
- 0
Official activity
Bill history
- Assigned Chapter Number 75LSO
- Governor Signed SEA No. 0042 Governor
- H Speaker Signed SEA No. 0042House
- S President Signed SEA No. 0042Senate
- Assigned Number SEA No. 0042LSO
- H 3rd Reading:Passed 59-0-3-0-0House
- H 2nd Reading:PassedHouse
- H COW:PassedHouse
- H Placed on General FileHouse
- H08 - Transportation:Recommend Do Pass 9-0-0-0-0House
- H Introduced and Referred to H08 - TransportationHouse
- H Received for IntroductionHouse
- S 3rd Reading:Passed 31-0-0-0-0Senate
- S 2nd Reading:PassedSenate
- S COW:PassedSenate
- S Placed on General FileSenate
- S07 - Corporations:Recommend Do Pass 5-0-0-0-0Senate
- S Introduced and Referred to S07 - CorporationsSenate
- S Received for IntroductionSenate
- Bill Number AssignedLSO
Changes
Amendments
1 stored