• 6 minutes

Rent-to-Own Transactions


Learn why some state laws may provide more protections to consumers than the federal Truth in Lending Act.

Rental Purchase Agreements, or rent-to-own agreements, are where a consumer agrees to pay a certain sum to rent the item, and the rental company agrees that if the consumer pays the rent for a set period of time, the item will become the property of the consumer with no further payment due. Although rental purchase agreements are not credit sales, they are not considered to be true leases. This video reviews why some courts have been willing to recognize the reality of lease-purchase agreements, and have concluded that rental purchase agreements may be treated as credit sales.

Runtime: 6 minutes



Mark D. Belongia

Mark D. Belongia

Hinshaw & Culbertson LLP

  • Partner at Hinshaw & Culbertson LLP
  • Practice emphasizes all aspects of financial regulatory areas, such as consumer lending and banking
  • Conducts regular seminars and workshops on lending and debt collection
  • Author of several publications related to the areas of lending to all types of consumers and proper methods of the collection of this debt
  • Member of the Chicago, Illinois, and American Bar Associations
  • J.D. degree, DePaul University College of Law; B.S.B.A. degree in accounting, Drake University
  • Can be contacted at : [email protected] or 312-704-3985

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