3.0.0 5689 2023-01-11T13:21:57Z 2023-01-11T13:21:57Z House H HR 2010-07-01 111 hsba00 Financial Services Committee House Standing Referred to 2010-07-01T14:05:47Z 2010-07-01 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2010-07-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-07-01 Introduced in House IntroReferral 1000 9 Library of Congress G000554 Rep. Giffords, Gabrielle [D-AZ-8] Gabrielle Giffords D AZ 8 N P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2010-07-01 True P000099 Rep. Pastor, Ed [D-AZ-4] ED PASTOR D AZ 4 2010-07-14 False D000210 Rep. Delahunt, Bill [D-MA-10] Bill Delahunt D MA 10 2010-09-15 False B000490 Rep. Bishop, Sanford D., Jr. [D-GA-2] SANFORD BISHOP D GA D. 2 2010-09-15 False Finance and Financial Sector Consumer affairs Consumer credit Interest, dividends, interest rates User charges and fees Finance and Financial Sector 00 2010-07-01 Introduced in House 2010-09-01T20:39:24Z Predatory Lending Sunset Act - Amends the Truth in Lending Act to limit the maximum interest rate which a creditor may charge on a covered consumer credit loan of up to $3,000 to an annual percentage rate (APR) of 36%.

Prohibits a creditor from extending a covered loan with respect to which the creditor uses as security either: (1) access to a borrower's financial account; or (2) the title of a vehicle.

Amends the Electronic Fund Transfer Act to prohibit a remotely created check that: (1) is not created by the financial institution that holds the customer account from which the check is to be paid; and (2) does not bear a signature applied by the person from whose account the check is to be paid.

Declares unenforceable, with respect to any consumer, any contract made in violation of this Act.


]]> Predatory Lending Sunset Act Display Title Predatory Lending Sunset Act Official Title as Introduced To amend the Truth in Lending Act to provide an interest rate cap and other requirements for creditors making covered loans, and for other purposes. Introduced in House IH Short Titles as Introduced Predatory Lending Sunset Act Introduced in House 2010-07-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr5689ih/xml/BILLS-111hr5689ih.xml 2010-07-01 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.