Unsolicited Loan Check Consumer Protection Act of 1999

Summary

Unsolicited Loan Check Consumer Protection Act of 1999 - Amends the Consumer Credit Protection Act to prohibit loan solicitations to consumers that are accompanied by a negotiable instrument (unsolicited loan checks), unless such solicitations are in response to a prior consumer request for an extension of credit. Shields such consumer from liability for the amount of any negotiable instrument sent in violation of this Act. Prohibits the reporting to, or receipt by, any credit agency of information on consumer creditworthiness based upon such unsolicited loan checks. Requires the Federal Reserve Board to promulgate implementing regulations.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 June 1999

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• Introduced in House (PDF)

  Introduced in House · EN · 24 June 1999

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• Introduced in House

  summary · EN · 24 June 1999

  Open at official source

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