3.0.0 2697 2023-01-11T13:36:37Z 2023-01-11T13:36:37Z House HR 2017-05-25 115 [Congressional Record Volume 163, Number 91 (Thursday, May 25, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KILDEE:H.R. 2697.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8.[Page H4609]]]> hsas00 Armed Services Committee House Standing hsas02 Military Personnel Subcommittee Referred to 2017-06-16T14:21:11Z Referred to 2017-05-25T13:08:50Z 2017-06-16 hsas02 Military Personnel Subcommittee 1 House committee actions Referred to the Subcommittee on Military Personnel. Committee 2017-05-25 Referred to the House Committee on Armed Services. IntroReferral H11100 2 House floor actions hsas00 Armed Services Committee 2017-05-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-05-25 Introduced in House IntroReferral 1000 9 Library of Congress K000380 Rep. Kildee, Daniel T. [D-MI-5] Daniel Kildee D MI T. 5 N Armed Forces and National Security Consumer affairs Consumer credit Financial services and investments Government information and archives Interest, dividends, interest rates Military personnel and dependents Armed Forces and National Security 00 2017-05-25 Introduced in House 2017-12-18T22:45:54Z Transparency in Military Lending Act of 2017

This bill requires a creditor to provide to a member of the Armed Forces on active regular, reserve, or National Guard duty or such member's dependent, with respect to any extension of consumer credit, and to obtain the member's or dependent's signed acknowledgement of: (1) a statement that the Department of Defense (DOD) and each service branch offers a variety of financial counseling services; (2) a statement that other, potentially lower interest rate loans may be available through other financial institutions and military relief societies; (3) contact information for the nearest DOD financial counseling office; and (4) a statement of the actual cost of the extension of credit when paid off at different points over time.

DOD shall prepare a list of DOD financial counseling offices and make such list available to creditors and the public.

]]> Transparency in Military Lending Act of 2017 Display Title Transparency in Military Lending Act of 2017 Official Title as Introduced To amend title 10, United States Code, to require additional disclosures by creditors when lending to members of the Armed Forces and their dependents, and for other purposes. Introduced in House IH Short Titles as Introduced Transparency in Military Lending Act of 2017 Introduced in House 2017-05-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2697ih/xml/BILLS-115hr2697ih.xml 2017-06-16 Referred to the Subcommittee on Military Personnel. 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.