Reasonableness Standard

The requirement of the Consumer Leasing Act that charges for delinquency, default, or early termination be reasonable in light of the lessor's or assignee's (1) anticipated or actual harm caused by such delinquency, default, or early termination, (2) difficulties in proving loss, and (3) inconvenience in obtaining a remedy.

Source: Federal Reserve Board

Last reviewed October 2023

Today on Verdict

Why Is an Election Law Challenge (Brought by Republicans Against Governor Whitmer Concerning Voter Registration Centers) That Is Grounded in Michigan State Law Proceeding in Federal Court—and What Are the Lawyers Doing There?

UC Davis Law professor Vikram David Amar and Illinois Law professor Jason Mazzone analyze a recent election-related lawsuit filed in Michigan federal court, critiquing the legal arguments and the court’s handling of the case in the context of federal jurisdiction principles.