Relating to: regulation of lease-purchase agreements for personal property and creating a cause of action.

AB 742 regulates lease-purchase agreements for personal property (like furniture or appliances used at home), directly affecting consumers who rent items with an option to buy. It requires written agreements with clear disclosures, including total payments needed to own the goods, the cash-sale price, payment frequency, and terms for early purchase. The law mandates that lessors provide these details in plain language (at least 8-point type) and in the same language as any advertising. Violations allow consumers to sue for damages, but the law exempts business leases, vehicles, mobile homes, and real estate-related rentals.