[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4629 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 4629

   To amend the Truth in Lending Act to impose a civil penalty on a 
   creditor under an open end consumer credit plan that engages in a 
       pattern of unlawfully billing any obligor under the plan.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 22, 1994

  Mr. Kildee introduced the following bill; which was referred to the 
            Committee on Banking, Finance and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
   To amend the Truth in Lending Act to impose a civil penalty on a 
   creditor under an open end consumer credit plan that engages in a 
       pattern of unlawfully billing any obligor under the plan.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CIVIL PENALTY FOR PATTERN OF UNLAWFUL BILLING UNDER OPEN END 
              CONSUMER CREDIT PLAN.

    Section 163 of the Truth in Lending Act (15 U.S.C. 1666b) is 
amended by adding at the end the following:
    ``(c) A creditor under an open end consumer credit plan that 
engages in a pattern of unlawfully billing any obligor under the plan 
shall be subject to a civil penalty of not more than $100,000, which 
may be assessed by the Board.''.

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