§1667e — Title 15 Commerce and Trade | U.S. Code

Summary

State laws about consumer leases still apply unless they conflict with the federal rules here. If a state rule clashes with the federal rule, the federal rule controls only for the parts that conflict. The Bureau can decide whether a state law clashes with the federal rules, but it cannot say a state law conflicts if that state law gives consumers stronger protection. The Bureau must make a rule to exempt a class of lease deals in a state when the state’s law is basically the same as the federal rules or gives consumers more protection, and when the state has proper ways to enforce its law.

Title 15, §1667e

Commerce and Trade — Source: USLM XML via OLRC

(a)This part does not annul, alter, or affect, or exempt any person subject to the provisions of this part from complying with, the laws of any State with respect to consumer leases, except to the extent that those laws are inconsistent with any provision of this part, and then only to the extent of the inconsistency. The Bureau is authorized to determine whether such inconsistencies exist. The Bureau may not determine that any State law is inconsistent with any provision of this part if the Bureau determines that such law gives greater protection and benefit to the consumer.

(b)The Bureau shall by regulation exempt from the requirements of this part any class of lease transactions within any State if it determines that under the law of that State that class of transactions is subject to requirements substantially similar to those imposed under this part or that such law gives greater protection and benefit to the consumer, and that there is adequate provision for enforcement.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2010—Pub. L. 111–203, § 1100A(2), (10), substituted “Bureau” for “Board”, “the Bureau” for “the Board”, and “The Bureau” for “The Board” wherever appearing.

Statutory Notes and Related Subsidiaries

Effective Date

of 2010 AmendmentAmendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

§1667e Applicability of State Laws; Exemptions by Bureau From Leasing Requirements