Predatory Lending Sunset Act

Summary

Predatory Lending Sunset Act - Amends the Truth in Lending Act to limit the maximum interest rate which a creditor may charge on a covered consumer credit loan of up to $3,000 to an annual percentage rate (APR) of 36%. Prohibits a creditor from extending a covered loan with respect to which the creditor uses as security either: (1) access to a borrower's financial account; or (2) the title of a vehicle. Amends the Electronic Fund Transfer Act to prohibit a remotely created check that: (1) is not created by the financial institution that holds the customer account from which the check is to be paid; and (2) does not bear a signature applied by the person from whose account the check is to be paid. Declares unenforceable, with respect to any consumer, any contract made in violation of this Act.

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

Timeline

1. 1 July 2010

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 1 July 2010

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 July 2010

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 July 2010 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 July 2010

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 July 2010

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 1 July 2010

  Open at official source

  Leesvertaling

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

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Giffords, Gabrielle [D-AZ-8] · D · Sponsor
• Rep. Polis, Jared [D-CO-2] · D · Sponsor
• Rep. Pastor, Ed [D-AZ-4] · D · Cosponsor
• Rep. Delahunt, William D. [D-MA-10] · D · Cosponsor
• Rep. Bishop, Sanford D. [D-GA-2] · D · Cosponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.