Substitute offered in the Senate on January 19, 2016
Provides that a person who intentionally holds personal
property under a written rental agreement – whether rental, lease, lease-purchase, or loan
agreement – beyond the expiration period is guilty of theft of rental, leased, lease-purchased,
or loaned property. It is not a defense that the person returns the property after the expiration
date on the written agreement where the person fails to pay the applicable rental charge for
the property for the time the person held the property.