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This person was notified that he was one of a class of 25,504 California consumers on whose paperwork VW Credit allegedly "failed to state the number of lease payments in one of the boxes at the top of the lease form" in violation of the California Vehicle Leasing Act and the federal Consumer Leasing Act. This segregation is consistent with the approach used in the Consumer Leasing Act and Truth in Lending Act, and is an approach that we believe is effective in calling the consumer's attention to the most important terms. Leasing can be a complicated, arduous process, but with the enforcement of the Consumer Leasing Act of 1991, lessors (the leasing company) are required to spell out everything upfront: costs, terms, fees and conditions. |
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