Lease Residual Liability Check

Live. Collecting an end-of-lease balance? Consumer Leasing Act: the 3x-payment cap, when a lawsuit is required, and closed-end limits.

Send up to 2,000 consumer leases with type (open-end or closed-end), estimated residual, realized or appraised value, average monthly payment, damage or excess-use share, excess wear and mileage charges, early termination details and amount claimed. Applies 15 U.S.C. 1667b(a)-(c) and Reg M 12 CFR 1013.2(d), (i) and 1013.4(g), (h), (l), (m): open-end residual gap presumed unreasonable above three times the average monthly payment, damage and excess use outside the presumption, excess collectible only after a won lawsuit or a post-term agreed adjustment, binding independent appraisal, reasonable early-termination charges, disclosed wear standards, and no residual liability on closed-end leases. Returns collectible-without-suit and excess-requires-lawsuit amounts with cited findings. Nothing stored.

Price: $0.001 per call after 1,000 free per month.

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