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United States · Bill · HR

H.R. 4954 (102nd)

Advance Fee Loan Scam Prevention Act of 1992

openUnited States· United States Congress· EN

Introduced

9 April 1992

Last action

Status

Subcommittee Consideration and Mark-up Session Held.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Advance Fee Loan Scam Prevention Act of 1992 - Prohibits 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 and civil forfeiture penalties for violations of this Act.

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Documents

2 official files

Introduced in House (text)

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Sources

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