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United States · Bill · HR

H.R. 1495 (103rd)

Advance Fee Loan Scam Prevention Act of 1993

referredUnited States· United States Congress· EN

Introduced

25 March 1993

Last action

Status

Referred to the Subcommittee on Crime and Criminal Justice.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Advance Fee Loan Scam Prevention Act of 1993 - Amends Federal criminal law to prohibit the receipt of advance fees by unregulated loan brokers arranging consumer credit for individuals. Grants the Federal Trade Commission enforcement powers under this Act. Establishes criminal penalties and civil forfeiture penalties for violations of this Act.

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Documents

3 official files

Introduced in House (text)

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Sources

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