What is the Consumer Leasing Act?

The Consumer Leasing Act (CLA) is a law in Oregon that was enacted to protect consumers from unfair leasing agreements. This law applies to any type of consumer goods that are leased, such as cars, furniture, or electronics. The Consumer Leasing Act requires that all leasing agreements must be written in plain language and must include certain disclosures. These disclosures include information about the total cost of the lease, the amount of money due at signing, the duration of the lease, and any other charges or fees associated with the lease. Additionally, the Consumer Leasing Act outlines the rights of the consumer, which include the right to receive written notification of any fees or charges incurred, the right to dispute the accuracy of the lease, and the right to cancel the lease within three days. Finally, consumers have the right to sue any leasing company who violates the Consumer Leasing Act. The Consumer Leasing Act is in place to protect consumers from unfair leasing agreements and ensure that all leasing agreements are done in a transparent way.

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What is the Consumer Leasing Act?

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