Before you launch your LHPH program, it is imperative that you become familiar with Regulation M: Consumer Leasing, it is to LHPH what Reg Z is to BHPH. Here is a link to the regulation and commentary on compliance.
www.dealerdeskbook.com/resources/regmandcommentary/
In addition to Reg M, every state will have its own regulations revolving around the lease product. You should always engage your own legal counsel to ensure you build and maintain your operation in compliance with Reg M and your state and local laws.
Watch below as Tom Buiteweg, Partner at Hudson Cook, explains Reg M and Consumer Leasing at our LHPH Summit in 2019: