U.S. Code » Title 15 » Chapter CHAPTER 41— CONSUMER CREDIT PROTECTION › Subchapter SUBCHAPTER I— CONSUMER CREDIT COST DISCLOSURE › Part Part E— Consumer Leases

15 U.S.C. § 1667

Definitions

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For purposes of this part—(1) The term “consumer lease” means a contract in the form of a lease or bailment for the use of personal property by a natural person for a period of time exceeding four months, and for a total contractual obligation not exceeding $50,000,11 See Adjustments for Inflation note below. primarily for personal, family, or household purposes, whether or not the lessee has the option to purchase or otherwise become the owner of the property at the expiration of the lease, except that such term shall not include any credit sale as defined in section 1602(g) 22 See References in Text note below. of this title. Such term does not include a lease for agricultural, business, or commercial purposes, or to a government or governmental agency or instrumentality, or to an organization.(2) The term “lessee” means a natural person who leases or is offered a consumer lease.(3) The term “lessor” means a person who is regularly engaged in leasing, offering to lease, or arranging to lease under a consumer lease.(4) The term “personal property” means any property which is not real property under the laws of the State where situated at the time offered or otherwise made available for lease.(5) The terms “security” and “security interest” mean any interest in property which secures payment or performance of an obligation.(Pub. L. 90–321, title I, § 181, as added Pub. L. 94–240, § 3, Mar. 23, 1976, 90 Stat. 257; amended Pub. L. 111–203, title X, § 1100E(a)(2), July 21, 2010, 124 Stat. 2111.)Editorial NotesReferences in Text

Section 1602(g) of this title, referred to in par. (1), was redesignated section 1602(h) of this title by Pub. L. 111–203, title X, § 1100A(1)(A), July 21, 2010, 124 Stat. 2107.

Amendments

2010—Par. (1). Pub. L. 111–203 substituted “$50,000” for “$25,000”.

Statutory Notes and Related SubsidiariesEffective Date of 2010 Amendment

Amendment 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.

Effective Date

Pub. L. 94–240, § 6, Mar. 23, 1976, 90 Stat. 261, provided that: “This Act [enacting this section and sections 1667a to 1667e of this title, amending sections 1601 and 1640 of this title, and enacting provisions set out as a note under section 1601 of this title] takes effect one year after the date of its enactment [Mar. 23, 1976].”

Adjustments for Inflation

On and after Dec. 31, 2011, dollar amount described in par. (1) of this section to be adjusted annually by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers, see section 1100E(b) of Pub. L. 111–203, set out as a note under section 1603 of this title.

Notes of Decisions
Cited in 118 cases (15 in the last 5 years), 1977–2025 · leading case: Maurice Symonette v. V.A. Leasing Corp., 648 F. App'x 787 (11th Cir. 2016).
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Maurice Symonette v. V.A. Leasing Corp., 648 F. App'x 787 (11th Cir. 2016). “” 15 U.S.C. § 1667 (1). Civil claims under the Racketeering Influenced and Corrupt Organizations Act (“RICO”) must allege a “pattern of racketeering activity,” which requires at least two predicate acts of racketeering activities as defined by 18 U.”
Landry Dixon v. Toyota Motor Credit Corp., 794 F.3d 507 (5th Cir. 2015). · cites it 4× “On January 6, 2014, Dixon filed another action against TMCC, bringing a claim under the Consumer Leasing Act (“CLA”), 15 U.S.C. §§ 1667 -1667Í. After consolidating this new action with the existing one, the district court granted TMCC’s motion to dismiss on April 10, 2014.”
Jarvis v. South Oak Dodge, Inc., 773 N.E.2d 641 (Ill. 2002). · cites it 2× “Among other things, a consumer lease must contain "[a]ll items required to be disclosed by the Consumer Leasing Act [ 15 U.S.C. § 1667 et seq. (2000)]." 815 ILCS 636/25(e)(1) (West 2000).”
Bescos v. Bank of Am., NT & SA, 2002 Cal. Daily Op. Serv. 511 (Cal. Ct. App. 2003). · cites it 4× “) TILA, in turn, includes the federal Consumer Leasing Act ( 15 U.S.C. § 1667 et seq.), enacted in 1976 as an amendment to TILA because consumer leases were increasingly being used as an alternative to credit purchases.”
Joyce Jones, Martha L. Edwards, Lou Cooper & Vincent E. Jackson, Individually & as Class Representatives v. Ford Motor Credit Co., 358 F.3d 205 (2d Cir. 2004). “Channell involved a creditor’s counterclaims to collect debts in a class action alleging violations of the Consumer Leasing Act, 15 U.S.C. §§ 1667 -1667e (2000). As Judge Easterbrook stated, “Now that Congress has codified the supplemental jurisdiction in § 1367(a), courts…”
Demitropoulos v. Bank One Milwaukee, N.A., 915 F. Supp. 1399 (N.D. Ill. 1996). · cites it 3× “d/b/a Team Chevrolet and GEO (“Team Chevy”), alleging that Bank One’s standard automobile form lease violates the Consumer Leasing Act, 15 U.S.C. § 1667 et seq. (count I), and the Illinois and Wisconsin Consumer Fraud Acts (count II).”
Lyon v. Chase Bank USA, N.A., 656 F.3d 877 (9th Cir. 2011). “§§ 1666 -1666j; the Consumer Leasing Act, 15 U.S.C. §§ 1667 -1667f; the Credit Repair Organizations Act, 15 U.”
Silva v. Rent-A-Ctr., Inc., 454 Mass. 667 (Mass. 2009). · cites it 4× “The language of the Massachusetts legislation clearly followed the model of the Federal Consumer Leasing Act of 1976, 15 U.S.C. §§ 1667 -1667f (2006) (concerning personal property leases of more than four months).”
Wiskup v. Liberty Buick Co., Inc., 953 F. Supp. 958 (N.D. Ill. 1997). · cites it 3× “Vehicle Leasing (UBVL) for their use of automobile lease forms that allegedly-violate the disclosure requirements of the Consumer Leasing Act, 15 U.S.C. § 1667 et seq. (CLA), and several state statutes, and impose unreasonable termination charges in violation of federal and…”
Valencia Carmichael v. Nissan Motor Acceptance, 291 F.3d 1278 (11th Cir. 2002). · cites it 2× “PER CURIAM: This is a case of first impression concerning the Consumer Leasing Act, 15 U.S.C. §§ 1667 -1667Í (“CLA”). According to the language of the CLA, the one-year statute of limitations begins to run at “the termination of the lease agreement.”
Smith v. ABC Rental Sys. of New Orleans, Inc., 491 F. Supp. 127 (E.D. La. 1978). · cites it 3× “, District Judge: In this suit plaintiff has urged alternative claims based on the Federal Consumer Leasing Act of 1976, 15 U.S.C. § 1667 , and the Federal Truth in Lending Act, 15 U.”
David C. Turner, on Behalf of Himself & All Others Similarly Situated v. Gen. Motors Acceptance Corp., 180 F.3d 451 (2d Cir. 1999). · cites it 2× “(“GMAC”) violated the Consumer Leasing Act (“CLA”), 15 U.S.C. §§ 1667 -1667f, the Uniform Commercial Code (“UCC”), and New York’s General Obligations Law (“GOL”) by profiting from funds held as security deposits under auto leases.”
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