TRUTH IN LENDING ACT

Bills and resolutions

Colleges and universities: require private educational lenders to obtain certain certifications from institutions of higher education (see S. 113), S214 [23JA] (see H.R. 3612), H7354 [21NO]

Credit: address certain issues relative to the extension of consumer credit (see S. 172), S357 [29JA] (see H.R. 990), H1318 [6MR]

——— allow certain loans that are not fully amortizing to be used in seller carryback financing on residential mortgage loans (see H.R. 245), H85 [14JA]

——— empower States to set the maximum annual percentage rates applicable to consumer credit transactions (see S. 1229), S5264 [26JN]

——— establish a national usury rate for consumer credit transactions (see S. 673), S2500 [9AP]

——— establish clear regulatory standards for mortgage servicers (see H.R. 2512), H4078 [26JN]

——— improve definitions of points and fees in connection with a mortgage transaction (see S. 949), S3430 [14MY] (see S. 1577), S7574 [28OC] (see H.R. 1077), H1356 [12MR] (see H.R. 3211), H6011 [28SE]

——— modify the definitions of a mortgage originator and a high-cost mortgage to preserve access to manufactured housing (see S. 1828), S8845 [16DE] (see H.R. 1779), H2391 [26AP]

——— 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. 187), S400 [30JA]

——— provide for the discharge of student loan obligations upon the death or disability of the student borrower (see S. 1773), S8457 [21NO]

Education: require additional disclosures and protections for students and cosigners relative to student loans (see H.R. 2961), H5343 [1AU]

——— require certain protections for student loan borrowers (see S. 1803), S8668 [11DE]

Financial institutions: establish fair and transparent practices related to marketing and provision of overdraft coverage programs at depository institutions (see H.R. 1261), H1630 [19MR]

Mortgages: provide that residential mortgage loans held on portfolio qualify as qualified mortgages relative to the presumption of ability to repay requirements (see H.R. 2673), H4483 [11JY]

Pensions: protect Federal and military retirees by expanding Truth in Lending Act disclosure provisions when a Federal or military pension is used as consideration by predatory lenders (see H.R. 3310), H6767 [23OC]

Small business: provide coverage for credit cards issued to small businesses (see H.R. 2419), H3758 [18JN]

Letters

Protecting Consumers From Unreasonable Credit Rates Act: several legal and consumer organizations, S2503 [9AP]

Remarks in House

Credit: modify the definitions of a mortgage originator and a high-cost mortgage to preserve access to manufactured housing (H.R. 1779), E566 [26AP]

Financial institutions: establish fair and transparent practices related to marketing and provision of overdraft coverage programs at depository institutions (H.R. 1261), E335 [19MR]

Remarks in Senate

Colleges and universities: require private educational lenders to obtain certain certifications from institutions of higher education (S. 113), S220 [23JA], S668 [13FE]

Credit: empower States to set the maximum annual percentage rates applicable to consumer credit transactions (S. 1229), S5268, S5269 [26JN]

——— establish a national usury rate for consumer credit transactions (S. 673), S2502–S2504 [9AP]

Texts of

S. 113, Know Before You Owe Private Student Loan Act, S221 [23JA]

S. 673, Protecting Consumers From Unreasonable Credit Rates Act, S2504 [9AP]

S. 1803, Student Loan Borrower Bill of Rights, S8669–S8673 [11DE]