HB0240 • 2021

Wyoming Consumer Rental-Purchase Agreement Act-repeal.

AN ACT relating to trade and commerce; repealing the Wyoming Consumer Rental-Purchase Agreement Act; making conforming amendments; specifying applicability; and providing for an effective date.

Housing

Inactive

Wyoming marks this bill as inactive, which usually means it is no longer moving in the current session.

Sponsor: Representative Andrew
Last action: 2021-04-07
Official status: inactive
Effective date: 3/1/2021

Plain English Breakdown

The official source does not provide specific details about what happens after June 30, 2021 for rental-purchase agreements.

Repealing Wyoming's Rental-Purchase Agreement Act

The bill removes the Wyoming Consumer Rental-Purchase Agreement Act and makes changes to related laws.

What This Bill Does

Removes the law about rental-purchase agreements for consumers in Wyoming.
Changes a part of the home solicitation sales rules, removing certain protections for telephone sales.
Keeps existing rental-purchase agreements valid until June 30, 2021.

Who It Names or Affects

People who enter into rental-purchase agreements in Wyoming.
Businesses that sell products through home solicitation sales or telephone calls.

Terms To Know

Rental-Purchase Agreement: An agreement where a customer pays for the use of an item over time, with the option to buy it at the end.
Home Solicitation Sale: A sale made by someone visiting or calling a person's home to sell products directly.

Limits and Unknowns

The bill does not specify what happens after June 30, 2021 for rental-purchase agreements.
It is unclear how businesses will be affected without the Rental-Purchase Agreement Act.

Bill History

2021-04-07 House
H:Died in Committee Returned Bill Pursuant to HR 5-4
2021-03-24 House
H No report prior to CoW Cutoff
2021-03-12 House
H09 - Minerals:Do Pass Failed 4-5-0-0-0
2021-03-08 House
H Introduced and Referred to H09 - Minerals
2021-03-04 House
H Received for Introduction
2021-03-03 LSO
Bill Number Assigned

Current Bill Text

Read the full stored bill text

21LSO-0422
2021
STATE OF WYOMING
21LSO-0422
Numbered
2.0

HOUSE BILL NO. HB0240

Wyoming Consumer Rental-Purchase Agreement Act-repeal.

Sponsored by: Representative(s) Andrew

A BILL

for

AN ACT relating to trade and commerce; repealing the Wyoming Consumer Rental-Purchase Agreement Act; making conforming amendments; specifying applicability; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 40
‑
12
‑
104(a)(iii) is amended to read:

40
‑
12
‑
104.

Home solicitation sales.

(a)

For purposes of this section, "home solicitation sale" means the sale or lease of merchandise, other than
farm equipment, for cash when the cash sales price, whether under a single sale or multiple sales, exceeds twenty
‑
five dollars ($25.00) and in which the seller or a person acting for him engages in a personal solicitation of the sale at the residence of the buyer and the buyer's agreement or offer to purchase is there given to the seller or a person acting for him. A personal solicitation of a sale at the residence of the buyer includes contact with the buyer in person or by telephone.

"Home solicitation sale" does not include:

(iii)

A sale made pursuant to a telephone solicitation when the seller offers a full refund and right of cancellation for at least ten (10) days after receipt of the merchandise and the right of refund and cancellation is communicated during the initial telephone solicitation and is conspicuously displayed with the merchandise
.
; or

Section 2
.

W.S. 40
‑
12
‑
104(a)(iv) and

40
‑
19
‑
101 through 40
‑
19
‑
120 are repealed.

Section 3
.

Rental
‑
purchase agreements entered into on or before June 30, 2021 shall be subject to the Wyoming Consumer Rental
‑
Purchase Agreement Act as it existed when the rental
‑
purchase agreement was executed.

Section 4.

This act is effective July 1, 2021
.

(END)

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HB0240