Top Vermont Officials Endorse Tighter Rent-to-Own Regulation | NECN
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Top Vermont Officials Endorse Tighter Rent-to-Own Regulation

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    Top Vermont Officials Endorse Tighter Rent-to-Own Regulation
    NECN

    Gov. Peter Shumlin and Attorney General William Sorrell are offering their support for tighter regulation of Vermont's rent-to-own stores.

    Christopher Curtis, an attorney with Vermont Legal Aid, says rent-to-own stores often target low-income Vermonters with deals that end up with them paying far more than the usual retail price of an item over the life of a rent-to-own contract.

    A bill in the Senate Economic Development, Housing and General Affairs Committee would cap the effective interest rates in rent-to-own contracts and require better disclosures of the deals that consumers are getting.

    Shumlin and Sorrell planned a Thursday afternoon news conference with other backers of the legislation. 

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