The Senate Banking, Business, Insurance and Technology Committee on March 26 heard Senate Bill 74, a consumer‑protection measure from the committee chair to add lease‑purchase property transactions to the Delaware Lease Purchase Agreement Act and extend required disclosures to online lease‑purchase contracts.

Senator Spiroz Mansovinos, chair of the committee, described the bill as aimed at ensuring people entering lease‑purchase contracts online receive the same disclosure materials they would when signing in person. He said the change would capture retail lease‑purchase arrangements that now frequently occur via websites as well as in brick‑and‑mortar stores.

Committee members asked no follow‑up questions on the bill during the hearing, and there were no registered public commenters for Senate Bill 74. The committee record shows the item was presented and public comment was opened and closed without speakers.

No formal committee vote on Senate Bill 74 was recorded in the meeting transcript. The committee moved on to other agenda items after hearing the sponsor and noting the absence of public comment.

The committee will consider the bill in later hearings as part of the chamber’s legislative schedule.