The act limited balloon payments in consumer leases and enabled consumers to compare lease terms with credit terms where appropriate. The act was implemented by Regulation M (Consumer Leasing). It requires disclosures to consumers before consummation of the lease agreement. This act is:

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The act being referred to in the question is the Consumer Leasing Act, which was implemented by Regulation M (Consumer Leasing). The act limits balloon payments in consumer leases and requires disclosures to consumers before consummation of the lease agreement.

The Act Limited Balloon Payments in Consumer Leases and Enabled