Truth in Lending: 13.5.2.3 State Leasing Statutes
California, Connecticut, Illinois, Louisiana, Maryland, Nevada, New Hampshire, New York, Washington, and Wisconsin have enacted specific leasing statutes that set out early termination and default standards.467 Some of these, such as New York’s, have specific standards as to maximum default and early termination penalties, standards set out in more detail than the standard found in the CLA or Article 2A.468