H8243Introduced in the House
Prohibits disclosure terms "down payment", "money down", or any similar language to describe lump sum payments in order to reduce monthly lease payments. Provides that lump sum payments are non-refundable in the event of a total loss of the vehicle.
Introduced by Brian Newberry, District 48
What does this bill do?
Plain-English breakdown
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Official description
COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- DECEPTIVE TRADE PRACTICES - Prohibits disclosure terms "down payment", "money down", or any similar language to describe lump sum payments in order to reduce monthly lease payments. Provides that lump sum payments are non-refundable in the event of a total loss of the vehicle.
Where it stands
Committee recommended measure be held for further study
April 2, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Introduced, referred to House Corporations
Scheduled for hearing and/or consideration (04/02/2026)
Committee recommended measure be held for further study
Verify the information
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