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United States · Bill · HR

H.R. 1897 (100th)

A bill to amend the Equal Credit Opportunity Act.

referredUnited States· United States Congress· EN

Introduced

1 April 1987

Last action

—

Status

Referred to Subcommittee on Consumer Affairs and Coinage.

Sponsors

—

Subjects

Discovery layer

Source updated

6 February 2024

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Summary

Amends the Equal Credit Opportunity Act to prohibit the Board of Governors of the Federal Reserve System from exempting from such Act any class of credit transactions that are primarily for personal, family, or household purposes. Permits the Board to exempt (for five years) a type or class of business or commercial transactions only after determining that application of such Act to such transactions would not contribute substantially to effecting the purposes of such Act.

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Documents

1 official file

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Sources

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