Rent-to-Own

Dear U.S. Congress,

The logical first question you ask is why the rent-to-own industry is a Congressional issue. The simple answer is because of you – Congress. In 1993, 1995, 1997, 1999, 2006 and 2007, powerful members of Congress introduced federal legislation that would eliminate the rent-to-own industry in America.

As a consequence, the rent-to-own industry found itself in the halls of U.S. Congress to protect the rent-to-own industry that serves 4.1 million satisfied consumers each year that choose rent-to-own as a no-debt, no-obligation transaction for their household needs. In response to negative rent-to-own legislation, the rent-to-own industry worked with Democratic and Republican lawmakers to support the Consumer Rental Purchase Agreement Act, a bill balancing the need for small business growth and consumer protections.

 

The Consumer Rental Purchase Agreement Act has been introduced consistently since 1994 and generates hundreds of co-sponsors through the years. The bill has passed the U.S. House of Representatives in 2002 and received two Senate Banking Committee hearings in 2004 and 2005. Recently on November 17, 2011; H.R. 1588 – the Consumer Rental Purchase Agreement Act by Rep. Francisco "Quico" Canseco passed the Subcommittee on Financial Institutions and Consumer Credit. The bill is now referred to the full Financial Services Committee waiting for a vote. The Senate companion (S.881) is sponsored by Sen. Mary Landrieu from Louisiana and has been referred to the Senate Banking Committee.

 

The rent-to-own industry takes full responsibility for not properly explaining the value of the rent-to-own transaction and industry; therefore, we have united as an industry to tell the public, state lawmakers and the U.S. Congress the rent-to-own story. The rent-to-own industry has grown and modernized in the past 40 years. An industry that continues to thrive and compete after four decades is an industry that serves a need for consumers and in the market.

 

The rent-to-own industry has also been aggressive and successful in improving its business practices, pricing, payment options, reinstatement rights and customer service by embracing regulations and consumer protections in 47 state rent-to-own laws. The combination of consumer protections and industry competition have created payment options that have significantly reduced rent-to-own prices (see Rent-to-Own Consumer Tips). The last remaining hurdle is federal legislation that the U.S. Congress has considered for the past 17 years.

The rent-to-own transaction is the most flexible transaction in the market today which is why many other industries such as musical instruments and wheel rims are successfully applying its no-debt, no-obligation transaction to their industries as well. Many other industries will follow, therefore, it is important for the U.S. Congress to finally define the rent-to-own transaction as a lease and, in return, provide meaningful consumer disclosures and reinstatement rights that will improve consumer protections in 33 states.

The U.S. Congress forced rent-to-own into its agenda and the rent-to-own industry responded by embracing federal regulations in return for federal lease definition. The fact that the rent-to-own industry has one of the highest customer satisfaction rates and has modernized its customer service, pricing and products are testaments to the market, state rent-to-own laws and competition being successful to create a $7 billion industry and a transaction that is transcending the market.

Please help us help you finish the legislative business you began in 1993 by co-sponsoring and passing the Consumer Rental Purchase Agreement Act so we can both take this issue off our to-do list.

 

Thank you,

The Rent-to-Own Industry represented by The Association of Progressive Rental Organizations (APRO).

 

THANK YOU FOR YOUR TIME AND ATTENTION CONCERNING THIS LEGISLATION!

 

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.

 

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. 

An Introduction to Rent-to-Own:

 

We know your time is valuable and we appreciate visiting our site to learn more about the rent-to-own industry. On these pages, we hope you find it easy to locate the resources you need on the industry, its customers, the economic impact of rent-to-own—both nationally and on a state-by-state basis—and the industry’s current legislative status.

 

We are urging co-sponsorship and successful passage of "The Consumer Rental Purchase Agreement Act" sponsored by U.S. Congressman Francisco "Quico" Canseco and U.S. Senator Mary Landrieu. The rent-to-own transaction is currently undefined in the federal statutes leaving a void that create an uncertain future for rent-to-own business owners and their employees. The Consumer Rental Purchase Agreement Act would define the rent-to-own transaction as a lease. The federal bill would also enact stronger consumer protections, pricing disclosures and payment reinstatement rights.

 

Rent-to-own industry leaders understood the concerns from consumer groups and lawmakers. As a consequence the consumer groups, lawmakers and rent-to-own industry owners agreed to balanced legislation that would foster rent-to-own industry security with specific rent-to-own consumer protections. The mutual agreement of balanced legislation began in the 1980s that has successfully created 47 state rent-to-own laws. The success of the balanced legislation is the premise and goal of "The Consumer Rental Purchase Agreement Act".

 

The $7-billion rent-to-own industry is relatively new to the American economy. This unique transaction sprang up in the 1960s in response to a growing consumer need for acquiring the use of household products without incurring debt or jeopardizing the family’s credit. Rent-to-own customers come from all walks of life, desiring consumer durable goods in their homes without the long-term financial obligations associated with credit sales.

 

What distinguishes rent-to-own from a retail credit sale is the term “rent.” There is no interest charged to consumers, no credit checks involved and customers can return the merchandise at any time for any reason at no penalty. This no-obligation, no-debt feature is the cornerstone of rent-to-own. It’s easy, it’s safe and it’s hassle-free as free replacement, repair and delivery are included.

 

The industry is primarily composed of dealers who rent furniture, electronics, major appliances, computers and other products with an option—never an obligation—to buy. The rent-to-own transaction is one of the fastest-growing in today’s marketplace.

 

While rent-to-own’s major product categories are furniture, appliances and electronics, cutting-edge industries from across the economic spectrum—including computers, musical instruments, portable buildings, wheels and tires, to name a few—are increasingly attracted to the rent-to-own transaction. There are approximately 8,600 rent-to-own stores in all 50 states. The industry serves 4.1 million customers (households) a year.

 

Visit the Industry Overview page for more statistical information on rent-to-own .

State Rent-to-own Laws

Listed below are the states with rent-to-own laws and the years in which they were enacted:

    •     Alabama (1995)
    •     Alaska (1999)
    •     Arizona (1995)
    •     Arkansas (1987)
    •     California (1994)
    •     Colorado (1990)
    •     Connecticut (1991)
    •     Delaware (1991)
    •     Florida (1988)
    •     Georgia (1985)
    •     Guam (1998)
    •     Hawaii (1997)
    •     Idaho (1993)
    •     Illinois (1987)
    •     Indiana (1987)
    •     Iowa (1987)
    •     Kansas (1991)
    •     Kentucky (1990)
    •     Louisiana (1991)
    •     Maine (1992)
    •     Maryland (1989)
    •     Massachusetts (1986)
    •     Michigan (1984)
    •     Minnesota (1990)
    •     Mississippi (1995)
    •     Missouri (1988)
    •     Montana (2001)
    •     Nebraska (1989)
    •     Nevada (1989)
    •     New Hampshire (1994)
    •     New Mexico (1995)
    •     New York (1986)
    •     North Dakota (1993)
    •     Ohio (1988)
    •     Oklahoma (1988)
    •     Oregon (1993)
    •     Pennsylvania (1996)
    •     Puerto Rico (1998)
    •     Rhode Island (1989)
    •     South Carolina (1985)
    •     South Dakota (1991)
    •     Tennessee (1987)
    •     Texas (1985)
    •     Utah (1993)
    •     Vermont (1994)
    •     Virginia (1988)
    •     Washington (1992)
    •     West Virginia (1993)
    •     Wyoming (1996)

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.

 

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.

 

APRO’s 2012 Dave Egan Legislative Conference

 

Rental dealers, employees and industry vendors will be on Capitol Hill April 17-19, 2012, for APRO’s 2012 Dave Egan Legislative Conference. Congressional members will be educated about rent-to-own’s important contribution to the economy and to their customers. 

 

Attendance to APRO’s Legislative Conference is imperative to continue the record-breaking support for rent-to-own’s future. The face-to-face meetings in Congressional offices with members and staff who directly handle rent-to-own legislation have been the key to generating support and movement of the industry supported federal legislation – The Consumer Rental Purchase Agreement Act. H.R. 1588, sponsored by Representative Francisco "Quico" Canseco (R-TX 23) and S. 881, sponsored by Senator Mary Landrieu (LA) continue to add co-sponsors.The majority of these co-sponsors are a direct result of personal time and relationships built by industry members while on Capitol Hill during APRO’s Legislative Conference.

 

Attendance has also been key to preventing detrimental legislation that has jeopardized rent-to-own’s existence in the past. With the current focus on economic recovery, the industry is presented with legislative opportunities and challenges that make attendance to APRO’s Legislative Conference especially important to secure rent-to-own’s future.

 

After 18 years of representing the rent-to-own industry before the U.S. Congress, APRO’s annual legislative conference is the legislative event of the year. APRO’s Legislative Conference is where hundreds of rent-to-own dealers, employees and vendors unite on Capitol Hill to tell the rent-to-own story.

 

For more information about the APRO Legislative Conference, contact Jeannie Hutchison at 800/204-2776, ext. 108.  

 

Click here to download the 2012 Legislative Conference schedule

A history of the rent-to-own industry’s legislative efforts and its current strategies regarding state and federal legislation

 

Seeking federal legislation

 

The rent-to-own industry is an established part of the American economy. Since the industry’s inception in the 1960s and its rapid growth in the past 40 years, consumers, businesses, legislators and litigators have grappled with the inevitable growing pains of a maturing industry.

 

As a consequence, since 1983 rent-to-own businesses—using the collective resources of the Association of Progressive Rental Organizations—have approached state legislators and members of Congress asking for a legal definition and consumer protection regulation of the rent-to-own industry. Ethical rent-to-own operators in the 1980s realized that if their small business was to continue to thrive they had to be proactive in passing legislation mandating ethical treatment to customers and defining such a unique transaction.

 

Throughout the next two decades, rent-to-own dealers united, passing rent-to-own legislation that mandated rent-to-own pricing and advertising disclosures, reinstatement rights and rent-to-own lease definition. In every state where an RTO law passed, virtually all consumer complaints were eliminated and rent-to-own small business operators improved services, modernized their business and created a climate that is driving rent-to-own prices down throughout the country.

 

Forty-seven state legislatures, the Internal Revenue Service and the Federal Trade Commission have studied, debated and acted to define the transaction and pass comprehensive consumer protections. Congress partially addressed the lease defintion issue with passage of the Taxpayers Relief Act of 1997.

 

State rent-to-own legislation

 

Ninety-five percent of the U.S. population, living in 47 states, is subject to state laws that both define the rent-to-own transaction as a lease and also provide meaningful disclosures to consumers. Typical consumer protection legislation mandates that the rent-to-own business disclose in writing and verbally to the consumer every penny the customer may or may not pay when entering into a rent-to-own contract.

 

Clear communication between rent-to-own businesses and their customers is the key to a successful relationship for both. Listed below are the states currently without a working rent-to-own law:

• Minnesota: Although Minnesota does have a state RTO statute, the Minnesota Supreme Court ruled that RTO transactions are also credit sales in the state and are limited to a finance charge rate of eight percent per year. The result of the court’s ruling was to do away with the RTO industry in that state.
• New Jersey: Its rent-to-own business climate has been severely restricted due to state court interpretations in the vacuum of a state rent-to-own statute.
• North Carolina
• Wisconsin: Its rent-to-own business climate has been severely restricted due to state court interpretations in the vacuum of a state rent-to-own statute.

 

Federal rent-to-own legislation

 

The RTO transaction is one of the most widely used consumer transactions undefined at the federal level. In 1983, APRO dealers successfully passed a federal RTO definition bill from the Senate, but that bill later died before being signed into law. In 1993, the U.S. House Banking Committee held a hearing on the rent-to-own industry. The hearing led to negative rent-to-own legislation threatening the existence of rent-to-own in America. The threat of extinction forced APRO dealers to focus on a federal legislative effort.

 

Since 1993, APRO dealers have been working with members of Congress on the necessity of federal RTO legislation and the value of the rent-to-own industry in America. Rent-to-own industry leaders have worked with Democrats and Republicans for the past decade crafting a bi-partisan supported bill that provides valuable consumer protections and disclosures while defining the RTO transaction as a lease.

 

In the past 16 years, APRO-supported federal legislation – The Consumer Rental Purchase Agreement Act – has generated hundreds of co-sponsors. In 2002, the Consumer Rental Purchase Agreement Act passed the House of Representatives after three congressional hearings and  mark ups in the Financial Services Committee and the Judiciary Committee. In 2004 and 2005, the Senate Banking Committee held hearings regarding the Consumer Rental Purchase Agreement Act . Currently, APRO dealers continue to support Senator Mary Landrieu (D-Louisiana) and Representative William Lacy Clay’s (D-Missouri) companion legislation.

 

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.

 

Monitoring state and federal legislation

 

An average of 25 bills that directly affect the rent-to-own industry are introduced per year at the state and federal levels of government. Many of these bills are designed to restrict rent-to-own or create unnecessary regulations. APRO monitors Congress and all state legislatures for rent-to-own industry regulations and legislation. APRO members are notified when bills are introduced in their state. A list of current legislative issues is available through APRO’s E-Communities.

 

State-by-state rent-to-own rules and regulations

 

APRO maintains data listing the specific rules and regulations for the 47 states with RTO legislation. The data is compiled into an easy-to-reference set of charts organized by in-store price tag disclosures, rent-to-own contract disclosures, specifications on fees and payments, advertising disclosures and reinstatement rights. Click here to download a PDF of the rules and regulations charts.

 

Maintaining a grassroots network

 

APRO organizes and maintains a network of rent-to-own dealers to help defend and promote the industry in Congress and in state legislatures. For 20 years, APRO has led the rent-to-own industry in creating and developing a strong grassroots campaign. APRO members and industry leaders can join this valuable opportunity by attending APRO’s annual Dave Egan Legislative Conference. Local elections also provide a valuable opportunity to participate in grassroots networking. As a small-business owner, the best introduction to politics is during elections. Rent-to-own dealers have been active in elections for years, helping candidates furnish their campaign offices, volunteering their stores for campaign signs, volunteering employees for voter phone banks and attending local political functions.

 

Rent-to-own Legislative Links: 

 

 

 

 

 

 

 

Library of Congress (aka Thomas.gov): everything you need to know about the U.S. government begins here.

U.S. Senate: its members, committees, legislation, hearings, schedules, rules, history and more.

U.S. House of Representatives: its members, committees, legislation, hearings, schedules, rules, history and more. On this site’s home page, you can identify your district’s representative simply by entering your zip code.

Real Clear Politics Political commentary and analysis compiled from newspapers and other publications nationwide

National Association of Attorneys General

Equal Credit Opportunity Act

 

APRO calculates the key economic indicators for each state according to APRO’s database and the annual industry survey conducted by statistical research firm Industry Insights. APRO has been the leader in defining the rent-to-own industry statistically for the past decade and continues to refine and build the rent-to-own statistical story for Wall Street, financial analysts, bankers, the media, legislators and industry newcomers.

 

APRO has compiled state-by-state RTO rules and regulations into an easy-to-reference set of charts organized by in-store price tag disclosures, rent-to-own contract disclosures, specifications on fees and payments, advertising disclosures and reinstatement rights.

 

Use this link to download a PDF of the rules and regulations charts.

 

For more information regarding rent-to-own industry statistics, contact Richard May by e-mail or call 800/204-2776, ext. 104.

 

Alabama

188 rent-to-own stores, 1128 employees, $39,480,000 annual wages, $6,040,440 annual payroll taxes, $138,338,108 annual revenues
Click here to download state RTO statutes

 

Alaska

15 rent-to-own stores, 90 employees, $3,150,000 annual wages, $481,950 annual payroll taxes, $11,037,615 annual revenues
Click here to download state RTO statutes

 

Arizona

134 rent-to-own stores, 804 employees, $28,140,000 annual wages, $4,305,420 annual payroll taxes, $98,602,694 annual revenues
Click here to download state RTO statutes

 

Arkansas
174 rent-to-own stores, 1044 employees, $36,540,000 annual wages, $5,590,620 annual payroll taxes, $128,036,334 annual revenues
Click here to download state RTO statutes

 

California

288 rent-to-own stores, 1728 employees, $60,480,000 annual wages, $9,253,440 annual payroll taxes, $211,922,208 annual revenues
Click here to download state RTO statutes

Click here to download amendments to California’s RTO statutes (amended November 2006)

 

Colorado

101 rent-to-own stores, 606 employees, $21,210,000 annual wages, $3,245,130 annual payroll taxes, $74,319,941 annual revenues
Click here to download state RTO statutes

 

Connecticut

69 rent-to-own stores, 414 employees, $14,490,000 annual wages, $2,216,970 annual payroll taxes, $50,773,029 annual revenues
Click here to download state RTO statutes

 

Delaware

31 rent-to-own stores, 186 employees, $6,510,000 annual wages, $996,030 annual payroll taxes, $22,811,071 annual revenues
Click here to download state RTO statutes

 

Florida

529 rent-to-own stores, 3174 employees, $111,090,000 annual wages, $16,996,770 annual payroll taxes, $389,259,889 annual revenues
Click here to download state RTO statutes

 

Georgia

320 rent-to-own stores, 1920 employees, $67,200,000 annual wages, $10,281,600 annual payroll taxes, $235,469,120 annual revenues
Click here to download state RTO statutes

 

Hawaii

19 rent-to-own stores, 114 employees, $3,990,000 annual wages, $610,470 annual payroll taxes, $13,980,979 annual revenues
Click here to download state RTO statutes

 

Idaho

24 rent-to-own stores, 144 employees, $5,040,000 annual wages, $771,120 annual payroll taxes, $17,660,184 annual revenues
Click here to download state RTO statutes

 

Illinois

237 rent-to-own stores, 1422 employees, $49,770,000 annual wages, $7,614,810 annual payroll taxes, $174,394,317 annual revenues
Click here to download state RTO statutes

 

Indiana

256 rent-to-own stores, 1536 employees, $53,760,000 annual wages, $8,225,280 annual payroll taxes, $188,375,296 annual revenues

Click here to download state RTO statutes

Click here to download 2007 Indiana state law amendments

 

Iowa

83 rent-to-own stores, 498 employees, $17,430,000 annual wages, $2,666,790 annual payroll taxes, $61,074,803 annual revenues
Click here to download state RTO statutes

 

Kansas

137 rent-to-own stores, 822 employees, $28,770,000 annual wages, $4,401,810 annual payroll taxes, $100,810,217 annual revenues
Click here to download state RTO statutes

 

Kentucky

215 rent-to-own stores, 1290 employees, $45,150,000 annual wages, $6,907,950 annual payroll taxes, $158,205,815 annual revenues
Click here to download state RTO statutes

 

Louisiana

238 rent-to-own stores, 1428 employees, $49,980,000 annual wages, $7,646,940 annual payroll taxes, $175,130,158 annual revenues
Click here to download state RTO statutes

 

Maine

48 rent-to-own stores, 288 employees, $10,080,000 annual wages, $1,542,240 annual payroll taxes, $35,320,368 annual revenues
Click here to download state RTO statutes

 

Maryland

102 rent-to-own stores, 612 employees, $21,420,000 annual wages, $3,277,260 annual payroll taxes, $75,055,782 annual revenues
Click here to download state RTO statutes

 

Massachusetts

84 rent-to-own stores, 504 employees, $17,640,000 annual wages, $2,698,920 annual payroll taxes, $61,810,644 annual revenues
Click here to download state RTO statutes

 

Michigan

213 rent-to-own stores, 1278 employees, $44,730,000 annual wages, $6,843,690 annual payroll taxes, $156,734,133 annual revenues
Click here to download state RTO statutes

 

Minnesota

9 rent-to-own stores, 54 employees, $1,890,000 annual wages, $289,170 annual payroll taxes, $6,622,569 annual revenues
Click here to download state RTO statutes

 

Mississippi

174 rent-to-own stores, 1044 employees, $36,540,000 annual wages, $5,590,620 annual payroll taxes, $128,036,334 annual revenues
Click here to download state RTO statutes

 

Missouri

265 rent-to-own stores, 1590 employees, $55,650,000 annual wages, $8,514,450 annual payroll taxes, $194,997,865 annual revenues
Click here to download state RTO statutes

 

Montana

16 rent-to-own stores, 96 employees, $3,360,000 annual wages, $514,080 annual payroll taxes, $11,773,456 annual revenues
Click here to download state RTO statutes

 

Nebraska

57 rent-to-own stores, 342 employees, $11,970,000 annual wages, $1,831,410 annual payroll taxes, $41,942,937 annual revenues
Click here to download state RTO statutes

 

Nevada

33 rent-to-own stores, 198 employees, $6,930,000 annual wages, $1,060,290 annual payroll taxes, $24,282,753 annual revenues
Click here to download state RTO statutes

 

New Hampshire

43 rent-to-own stores, 258 employees, $9,030,000 annual wages, $1,381,590 annual payroll taxes, $31,641,163 annual revenues
Click here to download state RTO statutes

 

New Jersey

62 rent-to-own stores, 372 employees, $13,020,000 annual wages, $1,992,060 annual payroll taxes, $45,622,142 annual revenues
There are no state RTO statutes in New Jersey.

 

New Mexico

76 rent-to-own stores, 456 employees, $15,960,000 annual wages, $2,441,880 annual payroll taxes, $55,923,916 annual revenues
Click here to download state RTO statutes

 

New York

282 rent-to-own stores, 1692 employees, $59,220,000 annual wages, $9,060,660 annual payroll taxes, $207,507,162 annual revenues
Click here to download state RTO statutes

 

North Carolina

336 rent-to-own stores, 2016 employees, $70,560,000 annual wages, $10,795,680 annual payroll taxes, $247,242,576 annual revenues
There are no state RTO statutes in North Carolina.

 

North Dakota

14 rent-to-own stores, 84 employees, $2,940,000 annual wages, $450,000 annual payroll taxes, $10,300,000 annual revenues
Click here to download state RTO statutes

 

Ohio

398 rent-to-own stores, 2388 employees, $83,580,000 annual wages, $12,787,740 annual payroll taxes, $292,864,718 annual revenues
Click here to download state RTO statutes

 

Oklahoma

156 rent-to-own stores, 936 employees, $32,760,000 annual wages, $5,012,280 annual payroll taxes, $114,791,196 annual revenues
Click here to download state RTO statutes

 

Oregon

51 rent-to-own stores, 306 employees, $10,710,000 annual wages, $1,638,630 annual payroll taxes, $37,527,891 annual revenues
Click here to download state RTO statutes

 

Pennsylvania

255 rent-to-own stores, 1530 employees, $53,550,000 annual wages, $8,193,150 annual payroll taxes, $187,639,455 annual revenues
Click here to download state RTO statutes

 

Rhode Island

23 rent-to-own stores, 138 employees, $4,830,000 annual wages, $738,990 annual payroll taxes, $16,924,343 annual revenues
Click here to download state RTO statutes

 

South Carolina

199 rent-to-own stores, 1194 employees, $41,790,000 annual wages, $6,393,870 annual payroll taxes, $146,432,359 annual revenues
Click here to download state RTO statutes

 

South Dakota

19 rent-to-own stores, 114employees, $3,990,000 annual wages, $610,000 annual payroll taxes, $13,980,000 annual revenues
Click here to download state RTO statutes

 

Tennessee

312 rent-to-own stores, 1872 employees, $65,520,000 annual wages, $10,024,560 annual payroll taxes, $229,582,392 annual revenues
Click here to download state RTO statutes

 

Texas

873 rent-to-own stores, 5238 employees, $183,330,000 annual wages, $28,049,490 annual payroll taxes, $642,389,193 annual revenues
Click here to download state RTO statutes

 

Utah

40 rent-to-own stores, 240 employees, $8,400,000 annual wages, $1,285,200 annual payroll taxes, $29,433,640 annual revenues
Click here to download state RTO statutes

 

Vermont

18 rent-to-own stores, 108employees, $3,780,000 annual wages, $578,000 annual payroll taxes, $13,245,000 annual revenues
Click here to download state RTO statutes

 

Virginia

227 rent-to-own stores, 1362 employees, $47,670,000 annual wages, $7,293,510 annual payroll taxes, $167,035,907 annual revenues
Click here to download state RTO statutes

 

Washington

118 rent-to-own stores, 708 employees, $24,780,000 annual wages, $3,791,340 annual payroll taxes, $86,829,238 annual revenues
Click here to download state RTO statutes

 

West Virginia

53 rent-to-own stores, 318 employees, $11,130,000 annual wages, $1,702,890 annual payroll taxes, $38,999,573 annual revenues
Click here to download state RTO statutes

 

Wisconsin

35 rent-to-own stores, 210 employees, $7,350,000 annual wages, $1,124,550 annual payroll taxes, $25,754,435 annual revenues
There are no state RTO statutes in Wisconsin.

 

Wyoming

27 rent-to-own stores, 162 employees, $5,670,000 annual wages, $867,510 annual payroll taxes, $19,867,707 annual revenues
Click here to download state RTO statutes

 

These numbers were calculated based on results from APRO’s 2010 Rent-to-Own Industry Statistical Survey and APRO’s database. The average store grosses $736,000 annually with 50,000 workers nationally earning an average of $35,000 a year in wages. Payroll taxes are multiplied by yearly salary to number of employees to the 15.3% percentage generated.