Truth in Savings Enhancement Act of 2001

Summary

Truth in Savings Enhancement Act of 2001 - Amends the Truth in Savings Act (TSA) to authorize State authorities to bring an action in a U.S. district court for injunctive relief to enforce compliance with its disclosure requirements for interest rates and fees on depository institution accounts. Amends the Omnibus Consolidated Appropriations Act, 1997 to repeal its repeal of the civil liability provisions of the TSA (thus reinstating civil liability sanctions with respect to non-compliant depository institutions). Revises the statute of limitations for civil actions against non-compliant depository institutions to allow it to run for one year from the later of the date the violation occurred (as under current law) or the date on which the customer first learned, or reasonably should have learned, based on all facts and information available to the public, of the violation.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 March 2001

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• Introduced in House (PDF)

  Introduced in House · EN · 15 March 2001

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• Introduced in House

  summary · EN · 15 March 2001

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