Repossessions: 14.1.3.2 The Federal Consumer Leasing Act
An important supplementary law to Article 2A is the federal Consumer Leasing Act (CLA).45 In the repossessions context, this statute has implications for the disclosure and calculation of charges after default or early termination of a lease. While these CLA standards have particular application to automobile leases, they also apply to solar equipment,46 furniture, alarm systems, and other personal property leases that are not terminable at will.