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. § 1667a

Consumer lease disclosures

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Each lessor shall give a lessee prior to the consummation of the lease a dated written statement on which the lessor and lessee are identified setting out accurately and in a clear and conspicuous manner the following information with respect to that lease, as applicable:(1) A brief description or identification of the leased property;(2) The amount of any payment by the lessee required at the inception of the lease;(3) The amount paid or payable by the lessee for official fees, registration, certificate of title, or license fees or taxes;(4) The amount of other charges payable by the lessee not included in the periodic payments, a description of the charges and that the lessee shall be liable for the differential, if any, between the anticipated fair market value of the leased property and its appraised actual value at the termination of the lease, if the lessee has such liability;(5) A statement of the amount or method of determining the amount of any liabilities the lease imposes upon the lessee at the end of the term and whether or not the lessee has the option to purchase the leased property and at what price and time;(6) A statement identifying all express warranties and guarantees made by the manufacturer or lessor with respect to the leased property, and identifying the party responsible for maintaining or servicing the leased property together with a description of the responsibility;(7) A brief description of insurance provided or paid for by the lessor or required of the lessee, including the types and amounts of the coverages and costs;(8) A description of any security interest held or to be retained by the lessor in connection with the lease and a clear identification of the property to which the security interest relates;(9) The number, amount, and due dates or periods of payments under the lease and the total amount of such periodic payments;(10) Where the lease provides that the lessee shall be liable for the anticipated fair market value of the property on expiration of the lease, the fair market value of the property at the inception of the lease, the aggregate cost of the lease on expiration, and the differential between them; and(11) A statement of the conditions under which the lessee or lessor may terminate the lease prior to the end of the term and the amount or method of determining any penalty or other charge for delinquency, default, late payments, or early termination.The disclosures required under this section may be made in the lease contract to be signed by the lessee. The Bureau may provide by regulation that any portion of the information required to be disclosed under this section may be given in the form of estimates where the lessor is not in a position to know exact information.(Pub. L. 90–321, title I, § 182, as added Pub. L. 94–240, § 3, Mar. 23, 1976, 90 Stat. 258; amended Pub. L. 111–203, title X, § 1100A(2), (10)(B), July 21, 2010, 124 Stat. 2107, 2109.)Editorial NotesAmendments

2010—Pub. L. 111–203, § 1100A(2), (10)(B), made similar amendments, resulting in the substitution of “The Bureau” for “The Board” in concluding provisions.

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.

Notes of Decisions
Cited in 54 cases (3 in the last 5 years), 1979–2023 · leading case: Kelvin Highsmith, Marcita Highsmith, & Joseph Villasenor v. Chrysler Credit Corp., 18 F.3d 434 (7th Cir. 1994).
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Kelvin Highsmith, Marcita Highsmith, & Joseph Villasenor v. Chrysler Credit Corp., 18 F.3d 434 (7th Cir. 1994). · cites it 10× “§ 1667b(b) (1988) (Count I); 2) the lease violates the disclosure requirements of the Consumer Leasing Act under 15 U.S.C. § 1667a (1988) (Count II); 3) the early termination provision is an unenforceable penalty under Illinois law (Count IV); and 4) the lease violates the…”
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 5× “See 15 U.S.C. § 1667a (consumer lease disclosures).”
Anderson v. Ford Motor Credit Corp., 593 A.2d 678 (Md. 1991). · cites it 14× “Lessees contend that the default clause of the lease, which we have quoted above, fails to comply with 15 U.S.C. § 1667a which provides, in pertinent part: Each lessor shall give a lessee prior to the consummation of the lease a dated written statement on which the lessor and…”
Jarvis v. South Oak Dodge, Inc., 773 N.E.2d 641 (Ill. 2002). · cites it 2× “" 15 U.S.C. § 1667a(5) (2000). Thus, the dealer's alleged misrepresentations in this case—that plaintiffs could purchase the vehicle immediately upon execution of the lease and at a specified price-concern details of the lease transaction that must be disclosed under both…”
Leonard Applebaum v. Nissan Motor Acceptance Corp. Reitenbaugh Enter., Inc, 226 F.3d 214 (3rd Cir. 2000). · cites it 6× “Under 15 U.S.C. § 1667a, this disclosure had to be effected “in a clear and conspicuous manner.”
Robinson v. Toyota Motor Credit Corp., 775 N.E.2d 951 (Ill. 2002). “JUSTICE KILBRIDE delivered the opinion of the court: In this case, we review whether plaintiffs’ federal Consumer Leasing Act (CLA) (15 U.S.C. §§ 1667a, 1667b (1994)) claims are precluded by the res judicata effect of a class action judgment rendered in another state.”
Robinson v. Point One Toyota, Evanston, 2012 IL App (1st) 111889 (Ill. App. Ct. 2012). · cites it 3× “Robinson and Latanya Kemp, appeal from an order of the circuit court of Cook County awarding partial summary judgment to the defendants, Toyota Motor Credit Corporation (TMCC) and River Oaks Toyota on the plaintiffs’ joint claims under the federal Consumer Leasing Act of 1976…”
Steinmetz v. Toyota Motor Credit Corp., 963 F. Supp. 1294 (E.D.N.Y 1997). · cites it 4× “Based on these allegations, allegedly acting on behalf of a class of similarly situated lessees, Steinmetz asserts six causes of action for violation of: (1) the Consumer Leasing Act (“CLA”), 15 U.S.C. § 1667a and Regulation M, 12 C.”
Demitropoulos v. Bank One Milwaukee, N.A., 915 F. Supp. 1399 (N.D. Ill. 1996). · cites it 3× “4 (g)(12); *1407 see also 15 U.S.C. § 1667a(11). Defendants maintain that ¶ 13 of the Lease complies with the Consumer Leasing Act’s early-termination disclosure requirements.”
Albert E. Thomka v. A. Z. Chevrolet, Inc, 619 F.2d 246 (3rd Cir. 1980). · cites it 2× “15 U.S.C. § 1667a; 12 C.F.R. § 226.15 (a).”
Clement v. Am. Honda Fin. Corp., 145 F. Supp. 2d 206 (D. Conn. 2001). · cites it 3× “See 15 U.S.C. § 1667a (consumer lease disclosures).”
Kedziora v. Citicorp Nat'l Servs., Inc., 901 F. Supp. 1321 (N.D. Ill. 1995). · cites it 7× “(“Citicorp”), violated the disclosure requirements of the Consumer Leasing Act, 15 U.S.C. § 1667a(ll) (the “CLA”) and its implementing regulations 12 C.”
Show all 54 citing cases →
— 15 U.S.C. § 1667a(11) — 5 cases
Demitropoulos v. Bank One Milwaukee, N.A., 915 F. Supp. 1399 (N.D. Ill. 1996). “4 (g)(12); *1407 see also 15 U.S.C. § 1667a(11). Defendants maintain that ¶ 13 of the Lease complies with the Consumer Leasing Act’s early-termination disclosure requirements.”
Robinson v. Point One Toyota, Evanston, 2012 IL App (1st) 111889 (Ill. App. Ct. 2012). “Robinson and Latanya Kemp, appeal from an order of the circuit court of Cook County awarding partial summary judgment to the defendants, Toyota Motor Credit Corporation (TMCC) and River Oaks Toyota on the plaintiffs’ joint claims under the federal Consumer Leasing Act of 1976…”
Anderson v. Ford Motor Credit Corp., 593 A.2d 678 (Md. 1991). “Lessees contend that the default clause of the lease, which we have quoted above, fails to comply with 15 U.S.C. § 1667a which provides, in pertinent part: Each lessor shall give a lessee prior to the consummation of the lease a dated written statement on which the lessor and…”
Pettola v. Nissan Motor Acceptance Corp., 44 F. Supp. 2d 442 (D. Conn. 1999).
Miller v. Nissan Motor Acceptance Corp., 362 F.3d 209 (3rd Cir. 2004).
— 15 U.S.C. § 1667a(12) — 1 case
Mitchell v. Ford Motor Credit Co., 702 F. Supp. 2d 1356 (M.D. Fla. 2010).
— 15 U.S.C. § 1667a(2) — 4 cases
David C. Turner, on Behalf of Himself & All Others Similarly Situated v. Gen. Motors Acceptance Corp., 180 F.3d 451 (2d Cir. 1999). “See 15 U.S.C. § 1667a (consumer lease disclosures).”
Cox v. Porsche Fin. Servs., Inc., 342 F. Supp. 3d 1271 (S.D. Fla. 2018).
Turner v. Gen. Motors Acceptance Corp., 980 F. Supp. 737 (S.D.N.Y. 1997).
Quentin Holloway v. Auto. Promotion Consultants, LLC (W.D. Tex. 2021).
— 15 U.S.C. § 1667a(3) — 1 case
Kennedy v. BMW Fin. Servs., N.A., 363 F. Supp. 2d 110 (D. Conn. 2005).
— 15 U.S.C. § 1667a(4) — 9 cases
David C. Turner, on Behalf of Himself & All Others Similarly Situated v. Gen. Motors Acceptance Corp., 180 F.3d 451 (2d Cir. 1999). “See 15 U.S.C. § 1667a (consumer lease disclosures).”
Robinson v. Point One Toyota, Evanston, 2012 IL App (1st) 111889 (Ill. App. Ct. 2012). “Robinson and Latanya Kemp, appeal from an order of the circuit court of Cook County awarding partial summary judgment to the defendants, Toyota Motor Credit Corporation (TMCC) and River Oaks Toyota on the plaintiffs’ joint claims under the federal Consumer Leasing Act of 1976…”
Steinmetz v. Toyota Motor Credit Corp., 963 F. Supp. 1294 (E.D.N.Y 1997). “Based on these allegations, allegedly acting on behalf of a class of similarly situated lessees, Steinmetz asserts six causes of action for violation of: (1) the Consumer Leasing Act (“CLA”), 15 U.S.C. § 1667a and Regulation M, 12 C.”
Wiskup v. Liberty Buick Co., Inc., 953 F. Supp. 958 (N.D. Ill. 1997).
Miller v. Nissan Motor Acceptance Corp., 362 F.3d 209 (3rd Cir. 2004).
— 15 U.S.C. § 1667a(5) — 3 cases
Jarvis v. South Oak Dodge, Inc., 773 N.E.2d 641 (Ill. 2002). “" 15 U.S.C. § 1667a(5) (2000). Thus, the dealer's alleged misrepresentations in this case—that plaintiffs could purchase the vehicle immediately upon execution of the lease and at a specified price-concern details of the lease transaction that must be disclosed under both…”
Metcalfe v. Hyundai Capital Am. (D.R.I. 2023).
Jarvis v. South Oak Dodge, Inc. (Ill. 2002).
— 15 U.S.C. § 1667a(6) — 2 cases
Kelvin Highsmith, Marcita Highsmith, & Joseph Villasenor v. Chrysler Credit Corp., 18 F.3d 434 (7th Cir. 1994). “§ 1667b(b) (1988) (Count I); 2) the lease violates the disclosure requirements of the Consumer Leasing Act under 15 U.S.C. § 1667a (1988) (Count II); 3) the early termination provision is an unenforceable penalty under Illinois law (Count IV); and 4) the lease violates the…”
Demitropoulos v. Bank One Milwaukee, N.A., 915 F. Supp. 1399 (N.D. Ill. 1996). “4 (g)(12); *1407 see also 15 U.S.C. § 1667a(11). Defendants maintain that ¶ 13 of the Lease complies with the Consumer Leasing Act’s early-termination disclosure requirements.”
— 15 U.S.C. § 1667a(9) — 2 cases
Danger v. Nextep Funding, LLC, 355 F. Supp. 3d 796 (D. Me. 2019).
Danger v. Nextep Funding, LLC (D. Minnesota 2019).
— 15 U.S.C. § 1667a(l) — 1 case
Kelvin Highsmith, Marcita Highsmith, & Joseph Villasenor v. Chrysler Credit Corp., 18 F.3d 434 (7th Cir. 1994). “§ 1667b(b) (1988) (Count I); 2) the lease violates the disclosure requirements of the Consumer Leasing Act under 15 U.S.C. § 1667a (1988) (Count II); 3) the early termination provision is an unenforceable penalty under Illinois law (Count IV); and 4) the lease violates the…”
— 15 U.S.C. § 1667a(ll) — 10 cases
Kelvin Highsmith, Marcita Highsmith, & Joseph Villasenor v. Chrysler Credit Corp., 18 F.3d 434 (7th Cir. 1994). “§ 1667b(b) (1988) (Count I); 2) the lease violates the disclosure requirements of the Consumer Leasing Act under 15 U.S.C. § 1667a (1988) (Count II); 3) the early termination provision is an unenforceable penalty under Illinois law (Count IV); and 4) the lease violates the…”
Kedziora v. Citicorp Nat'l Servs., Inc., 901 F. Supp. 1321 (N.D. Ill. 1995). “(“Citicorp”), violated the disclosure requirements of the Consumer Leasing Act, 15 U.S.C. § 1667a(ll) (the “CLA”) and its implementing regulations 12 C.”
Leonard Applebaum v. Nissan Motor Acceptance Corp. Reitenbaugh Enter., Inc, 226 F.3d 214 (3rd Cir. 2000). “Under 15 U.S.C. § 1667a, this disclosure had to be effected “in a clear and conspicuous manner.”
Valencia Carmichael v. Nissan Motor Acceptance, 291 F.3d 1278 (11th Cir. 2002).
Wiskup v. Liberty Buick Co., Inc., 953 F. Supp. 958 (N.D. Ill. 1997).
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