Rental purchase company Rent-A-Center ( RCII) said it was disappointed by the supreme court ruling in the case involving the company and New Jersey Perez. The Supreme Court of New Jersey reinstated claims made by the plaintiff in a matter entitled Hilda Perez v. Rent-A-Center and remanded the matter to the trial court for further proceedings. In its ruling, the Supreme Court of New Jersey found that the company's rent-to-own transactions in New Jersey are subject to the New Jersey Retail Installment Sales Act and the New Jersey Consumer Fraud Act, and that such transactions are subject to a 30% interest rate cap. The company said the lower courts were clear in their logic and findings that neither the Retail Installment Sales Act nor the state's usury laws apply to rental-purchase transactions. The New Jersey Supreme Court had ruled that the company comes under the same interest rate caps as other retailers when customers pay for the purchase in installments. "We will review the decision and assess what it means for our continued operation in New Jersey," the company said. "Unquestionably, the ruling will limit consumer choices for people who would rather not incur large amounts of debt for the purchase of furniture, appliances, computers or other electronic products -- people for whom renting these products makes better financial or economic sense than buying them." The company's stock dropped $1.72, or 6.6%, to $24.29.