 APRO: The Official Voice of the Rent to Own Industry
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 RTO Legislative Activity
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RTO Legislative Activity - Rent-to-Own Legislative HistoryFederal: Below is a summary of the major federal initiatives aimed at passage of a Consumer Rental-Purchase Agreement Act:
2009-2010 | 111th Congress: H.R. 1744 by Representative William Lacy Clay (D-MO) generated 126 co-sponsors and S. 738 by Sen. Mary Landrieu (D-LA) generated 20 co-sponsors.
2007-2008 | 110th Congress: H.R. 1767 by Representative William Lacy Clay (D-MO) generated 99 co-sponsors. S. 1012 by Senator Mary Landrieu (D-LA) generated 21 co-sponsors.
2005-2006 | 109th Congress: H.R. 1651 by Representative Walter Jones (R-NC) generated 40 co-sponsors. S. 603 by Senator Mary Landrieu (D-LA) generated 19 co-sponsors. The Senate Banking Committee considered bill inclusion into the Regulatory Relief Act and heard testimony regarding S. 603 on June 21, 2005.
2003-2004 | 108th Congress: H.R. 996 by Representative Walter Jones (R-NC) generated 95 co-sponsors. S. 884 by Senator Mary Landrieu (D-LA) generated 27 co-sponsors. The Senate Banking Committee heard testimony regarding S. 884 on June 22, 2004 as a part of a “Consideration of Regulatory Reform Proposals” hearing. Senator Landrieu testified. 2001-2002 | 107th Congress: H.R. 1701 by Representative Walters Jones (R-NC) generated 83 co-sponsors. S. 2947 by Senator Mary Landrieu (D-LA) generated eight co-sponsors. H.R. 1701 passed the House of Representatives (215 to 201) on September 18, 2002; passed the House Judiciary Committee (14 to 12); pased the House Financial Services Committee (29 to 9); and passed the House Financial Services Subcommittee (24 to 4).
1999-2000 | 106th Congress: H.R. 1634 by Representative Walter Jones (R-NC) generated 51 co-sponsors.
1997-1998 | 105th Congress: H.R. 2019 by Representative Walter Jones (R-NC) generated 27 co-sponsors. The Taxpayers Relief Act of 1997 passed into law. The law included the three-year MACRs (Modified Accelerated Cost Recovery Schedule) as the depreciation method for rent-to-own agreements. The rent-to-own three-year MACRs amendment also codified the rent-to-own transaction as a lease in the Internal Revenue Service statutes.
1995-1996 | 104th Congress: H.R. 2820 by Representative J.C. Watts (R-OK) generated 36 co-sponsors. The Internal Revenue Service issued its Revenue Procedure ruling declaring the rent-to-own transaction as a lease in the IRS code.
1993-1994 | 103rd Congress: H.R. 2803 by Representative Larry LaRocco (D-ID) generated 53 co-sponsors; S. 1956 by Senator Richard Shelby (D-AL) generated five co-sponsors.
For more information on APRO’s federal legislative effort, please contact APRO Public Affairs Director Richard May by e-mail or phone at 512/225-1051.
State Rent-to-own Legislative History: There are 47 state rent-to-own laws representing ninety-five percent of the U.S. population balancing consumer protections while defining the rent-to-own transaction as a lease. Listed below are the states with rent-to-own laws and the years in which they were enacted:
APRO: The Association of Progressive Rental Organizations— the official voice of the rent-to-own industry Founded in 1980, APRO is the national, non-profit trade association advocating and representing the rent-to-own industry before the U.S. Congress, state legislatures, courts, media, Wall Street and the public.
For more information on rent-to-own state laws, please contact APRO Public Affairs Director Richard May by e-mail or phone at 512/225-1051. |
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2012 APRO Dave Egan
Legislative Conference
April 17-19, Washington, D.C.
Mark your calendars!
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RTOHQ: The Magazine
RTOHQ: The Magazine is the Association of Progressive Rental Organizations' award-winning rent-to-own industry magazine, and it's available here. | |||
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CLICK HERE FOR OUR DIGITAL RTOHQ: THE MAGAZINE
RTOHQ: The Magazine’s upgraded digital format APRO's new, mobile-ready magazine is now available in addition to our print edition. The digital format provides the same informative content as our printed magazine, but also offers tools to make the reading experience more enriching. Access the table of contents page with one click or tap. Get additional information from advertisers by clicking on the links in their ads. The interface is easy to navigate and requires no special app—read our magazine on your computer, digital table or smartphone. Click here to access the digital version of RTOHQ: The Magazine November-December 2011.
Marketing Matters This year marks the launch of a marketing campaign initiated by APRO to build the rent-to-own customer base. It will be a multi-year endeavor employing multiple strategies. In this and upcoming issues of our magazine, we will address the many facets of marketing that affect our industry.
Striving for an A with the BBB by William E. Freeland Consumers often refer to the Better Business Bureau's ratings to help them make rental and purchasing decisions. National Rent-to-Own's human resource manager outlines the steps every RTO company should pursue to help earn an A+ from the BBB.
Creating an Extraordinary Customer Experience by Bill Keese Apple does it. Southwest Airlines does it. Can the rent-to-own industry also garner a national reputation for exceptional service and, in the process, attract new customers?
BB and BBQ on Beale Street Memphis' reputation for tremendous food, groundbreaking music and Southern charm is well deserved. It's not too early to start planning your trip there next July for APRO's 2012 Rent-to-Own Convention and Trade Show.
Card Talk by Ed Winn III Credit and debit card payments are on the rise in rent-to-own. So are the risks in keeping such transactions secure.
Rent-to-Own Families, Part VI by Kristen Card No, you're not seeing double, or are you? Our latest profiles of kindred colleagues include two sets of twins-the Botkins and the Kimbles. And in Kansas, a son and daughter help their dad keep business running Strong.
Future issues of APRO's magazine will be available in this same new format. Click here to access past issues that are not yet archived in the new interface.
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Association of Progressive Rental Organizations 1504 Robin Hood Trail Austin, Texas 78703 800/204-2776, ext. 103 Fax 512/794-0097 |