H8243 — 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.

H8243 — 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. · Informed CitizenryThis bill aims to protect consumers by regulating how car dealerships and leasing companies advertise and collect upfront fees for leases. Specifically, it bans using terms like "down payment" or "…Open in Informed Citizenry