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United States · Bill · HR

H.R. 56 (101st)

Credit Repair Organizations Act

referredUnited States· United States Congress· EN

Introduced

3 January 1989

Last action

15 February 1989 · Referred

Status

Referred to the Subcommittee on Consumer Affairs and Coinage.

Sponsors

Rep. Annunzio, Frank [D-IL-11], Rep. Hiler, John Patrick [R-IN-3], Rep. Wylie, Chalmers P. [R-OH-15], Rep. Barnard, Doug, Jr. [D-GA-10], Rep. Collins, Cardiss [D-IL-7], Rep. Darden, George (Buddy) [D-GA-7], Rep. Fazio, Vic [D-CA-3], Rep. Gordon, Bart [D-TN-6], Rep. Hayes, James A. [D-LA-7], Rep. Kastenmeier, Robert W. [D-WI-2], Rep. Lehman, William [D-FL-17], Rep. Mfume, Kweisi [D-MD-7], Rep. Montgomery, G. V. (Sonny) [D-MS-3], Rep. Pickett, Owen B. [D-VA-2], Rep. Price, David E. [D-NC-4], Rep. Ridge, Thomas J. [R-PA-21], Rep. Roukema, Marge [R-NJ-5], Rep. Vento, Bruce F. [D-MN-4], Rep. Baker, Richard H. [R-LA-6], Rep. Bates, Jim [D-CA-44], Sen. Bunning, Jim [R-KY], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Flake, Floyd H. [D-NY-6], Rep. Hubbard, Carroll, Jr. [D-KY-1], Rep. Hughes, William J. [D-NJ-2], Rep. Jones, Walter B. [D-NC-1], Rep. Kanjorski, Paul E. [D-PA-11], Rep. McHugh, Matthew F. [D-NY-28], Rep. Rhodes, John J., III [R-AZ-1], Rep. Valentine, Tim [D-NC-2], Rep. Vander Jagt, Guy [R-MI-9], Rep. Ackerman, Gary L. [D-NY-5], Rep. Burton, Dan [R-IN-5], Rep. McCloskey, Frank [D-IN-8], Rep. Neal, Richard E. [D-MA-1], Rep. Olin, James R. [D-VA-6], Rep. Rahall, Nick J., II [D-WV-3], Rep. Schuette, Bill [R-MI-10], Rep. Panetta, Leon [D-CA-16], Rep. Patterson, Elizabeth [D-SC-4], Rep. Paxon, Bill [R-NY-27], Rep. Torres, Esteban Edward [D-CA-34], Rep. Dreier, David [R-CA-26], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Grandy, Fred [R-IA-6], Rep. Ireland, Andrew P. [R-FL-10], Rep. Lehman, Richard H. [D-CA-19], Rep. Neal, Stephen L. [D-NC-5]

Subjects

Discovery layer

Source updated

26 August 2025

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Summary

Credit Repair Organizations Act - Amends the Consumer Credit Protection Act to prohibit any credit repair organization (any person who provides a service for the purpose of improving a consumer's credit record) from: (1) charging or receiving any money prior to the completion of its services (unless it has obtained a $50,000 surety bond); (2) charging or receiving money solely for the referral of a customer to a retailer if the credit which may be extended to the buyer is upon substantially the same terms as those available to the general public; (3) advising any client to make an untrue or misleading statement; or (4) using any untrue or misleading statement. Requires the organization to provide the consumer with a written disclosure statement which includes a description of: (1) the consumer's rights; (2) the services to be provided by the organization; and (3) the total amount the consumer will be charged. Sets forth contract requirements and the rights of the consumer with regard to cancellation of such contract. Subjects any organization which fails to comply with any provision of this Act to Federal civil liability. Provides for the administrative enforcement of this Act by the Federal Trade Commission, as provided in the Federal Trade Commission Act.

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

Timeline

  1. 3 January 1989

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 3 January 1989

    Introduced

    Referred to the House Committee on Banking, Finance + Urban Affrs.

    Source: IntroReferral

  3. 3 January 1989

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 15 February 1989

    Referred

    Referred to the Subcommittee on Consumer Affairs and Coinage.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

2 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN

    ViewDownloadOpen at official source

  • Introduced in House

    summary · EN · 3 January 1989

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

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Sponsors

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Related records

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Sources

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