Consumer Debt Prevention and Education Act of 2005

Summary

Consumer Debt Prevention and Education Act of 2005 - Amends the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 to prohibit a judge, U.S. trustee, or other party in interest from filing a presumption-of-abuse motion if the debtor is a medically distressed debtor. Amends the Truth in Lending Act to require credit card disclosures under an open end consumer credit plan to include an explanation of: (1) credit scores and the negative effects that low credit scores can have on the consumer; (2) how being over a credit limit hurts the consumer; and (3) how long it would take paying off a credit balance by just making the minimum payments required, and the effect that negative amortization may have in extending such time.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 May 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 May 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 5 May 2005

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.