US Laws, Codes, Statutes & Cases

From the U.S. Code Online via GPO Access
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[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 15USC1667d]

 
                      TITLE 15--COMMERCE AND TRADE
 
                 CHAPTER 41--CONSUMER CREDIT PROTECTION
 
              SUBCHAPTER I--CONSUMER CREDIT COST DISCLOSURE
 
                         Part E--Consumer Leases
 
Sec. 1667d. Civil liability of lessors


(a) Grounds for maintenance of action

    Any lessor who fails to comply with any requirement imposed under 
section 1667a or 1667b of this title with respect to any person is 
liable to such person as provided in section 1640 of this title.

(b) Additional grounds for maintenance of action; ``creditor'' defined

    Any lessor who fails to comply with any requirement imposed under 
section 1667c of this title with respect to any person who suffers 
actual damage from the violation is liable to such person as provided in 
section 1640 of this title. For the purposes of this section, the term 
``creditor'' as used in sections 1640 and 1641 of this title shall 
include a lessor as defined in this part.

(c) Jurisdiction of courts; time limitation

    Notwithstanding section 1640(e) of this title, any action under this 
section may be brought in any United States district court or in any 
other court of competent jurisdiction. Such actions alleging a failure 
to disclose or otherwise comply with the requirements of this part shall 
be brought within one year of the termination of the lease agreement.

(Pub. L. 90-321, title I, Sec. 185, as added Pub. L. 94-240, Sec. 3, 
Mar. 23, 1976, 90 Stat. 260; amended Pub. L. 96-221, title VI, Sec. 624, 
Mar. 31, 1980, 94 Stat. 185.)


                               Amendments

    1980--Subsec. (b). Pub. L. 96-221 struck out applicability of 
section 1614 of this title to term ``creditor''.


                    Effective Date of 1980 Amendment

    Amendment by Pub. L. 96-221 effective on expiration of two years and 
six months after Mar. 31, 1980, with all regulations, forms, and clauses 
required to be prescribed to be promulgated at least one year prior to 
such effective date, and allowing any creditor to comply with any 
amendments, in accordance with the regulations, forms, and clauses 
prescribed by the Board prior to such effective date, see section 625 of 
Pub. L. 96-221, set out as a note under section 1602 of this title.