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A story about rent-to-own tires that ran in the Atlanta Journal-Constitution was somewhat uplifting. Most states have legislation regulating the rent-to-own business. Rent-to-own contracts are subject to New Jersey's Retail Installment Sales Act (RISA), the interest rate cap in its criminal usury statute, and the Consumer Fraud Act, the state supreme court has held, reversing a lower court's decision. |
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