TRUTH IN LENDING ACT

Bills and resolutions

Credit: empower States to set the maximum annual percentage rates applicable to consumer credit transactions (see S. 1829), S7187 [8NO]

———exempt certain creditors from the escrow account requirement for higher-priced mortgage loans (see H.R. 3651), H8880 [13DE]

———prohibit distribution of checks or other negotiable instruments as part of a creditor solicitation to extend credit and limit consumer liability in conjunction with such solicitations (see S. 1767), S6917 [31OC]

———prohibit issuance of residential mortgages to individuals who lack a Social Security account number (see H.R. 691), H774 [14FE]

———protect consumers from usury (see H.R. 336), H354 [19JA]

Education: require additional disclosures and protections for students and cosigners relative to student loans (see S. 1748), S6871 [20OC] (see H.R. 3240), H6987 [21OC]

Financial institutions: sunset Federal laws and regulations that deny consumers the opportunity to make certain decisions on bank accounts and what type of information they receive from their banks (see H.R. 1095), H1841 [15MR]

Mortgages: improve certain provisions relative to the compensation of mortgage originators (see H.R. 2509), H5017 [13JY]

Small business: provide coverage for credit cards issued to small businesses (see H.R. 1137), H1906 [16MR]

Remarks in House

Credit: provide for enhanced disclosure under an open end credit plan, H6910 [13OC]

Financial institutions: sunset Federal laws and regulations that deny consumers the opportunity to make certain decisions on bank accounts and what type of information they receive from their banks (H.R. 1095), E484 [15MR]

Remarks in Senate

Credit: empower States to set the maximum annual percentage rates applicable to consumer credit transactions (S. 1829), S7193 [8NO]