[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6625 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 6625

 To amend the Truth in Lending Act to modify the definition of credit 
                                 sale.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 26, 2018

 Mr. Sessions introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To amend the Truth in Lending Act to modify the definition of credit 
                                 sale.

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

SECTION 1. DEFINITION OF CREDIT SALE.

    Section 103(h) of the Truth in Lending Act (15 U.S.C. 1602(h)) is 
amended by inserting ``(unless terminable without penalty at any time 
by the consumer)'' after ``or lease''.
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