3.0.0 3334 2023-01-11T13:41:42Z 2023-01-11T13:41:42Z Senate S 2018-08-01 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2018-08-01T20:21:52Z 2018-08-01 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2018-08-01 Introduced in Senate IntroReferral 10000 9 Library of Congress N000032 Sen. Nelson, Bill [D-FL] CLARENCE NELSON D FL WILLIAM N Armed Forces and National Security Armed Forces and National Security 00 2018-08-01 Introduced in Senate 2019-08-30T21:22:38Z Military Lending Improvement Act of 2018

This bill revises consumer credit protections for active members of the U.S. Armed Forces and their dependents, including by (1) expanding such protections to cover individuals who have been separated from the Armed Forces for up to one year, (2) expanding the protections to cover loans for purchasing personal property secured by such personal property, (3) reducing the maximum allowable annual interest rate of covered loans, (4) prohibiting creditors from installing a device on a borrower's car that can affect the car's operation or report its location, and (5) imposing certain limitations on debt collection practices.

]]> Military Lending Improvement Act of 2018 Display Title Military Lending Improvement Act of 2018 Official Title as Introduced A bill to amend section 987 of title 10, United States Code, to expand and improve consumer credit protections for members of the Armed Forces and their dependents, and for other purposes. Introduced in Senate IS Short Titles as Introduced Military Lending Improvement Act of 2018 Introduced in Senate 2018-08-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3334is/xml/BILLS-115s3334is.xml 2018-08-01 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.