Predatory Lending Awareness Quiz

1. The state of Missouri is a national leader in regulating interest rates charged by rent-to-own stores.

INCORRECT

False. No state, including Missouri, has a rent-to-own law that regulates the transactions of rent-to-own stores.

References:
Hastak, M. (2004). Regulation of the rent-to-own industry: Implications of the Wisconsin settlement with Rent-a-Center. Journal of Public Policy and Marketing, 23, 89-95.

Missouri Division of Finance. Survey of Payday Lenders. Retrieved on July 29, 2009 from http://www.missouri-finance.org/Contribute Documents/2009PaydayLendersSurvey.pdf.