On October 21, a coalition of 17 state attorneys general entered an assurance of voluntary compliance with a lease-to-own provider, resolving investigations into its practices involving rental-purchase agreements in the participating states. The provider will grant full lease forgiveness, totaling $662,102,518, to 303,223 consumers who entered into agreements from 2017 to 2022 and whose accounts were still under its control in November 2025 and were in “charged off” status. It will also release its ownership of the leased property to those consumers and pay $2.75 million to the participating states. The provider neither admitted nor denied the allegations and did not admit to violating any law.

Under the agreement, the provider may not advertise that consumers will pay only the cash price. It may not use phrases such as “same as cash” or “no additional fees required” except for early purchase options priced at or below the cash price. It also may not describe its leases as loans or credit transactions or misrepresent that they will help consumers improve their credit ratings. The provider must disclose the total cost of a lease more prominently than lower early purchase option costs before consumers sign and must give consumers a chance to fully review agreements before signing electronically. The agreement also requires the provider to suspend payments for undelivered property, handle repairs without fees, and refrain from interfering with consumers’ right to terminate. It must also provide surrender options, train merchants, and submit annual compliance reports for three years.