A bill to amend the Truth in Lending Act with respect to the disclosure of closing costs and administrative enforcement, and for other purposes.

Summary

Defines "creditor," under the Truth in Lending Act, to refer only to creditors who regularly extend, or arrange for the extension of, credit which is payable by agreement in more than four installments or for which the payment of a finance charge is required. Requires creditors to disclose clearly and conspicuously to each person to whom consumer credit is extended the information required under the Act, where: (1) a finance charge is or may be imposed, or (2) the extension of credit is payable by agreement in more than four installments. (Amends 15 U.S.C. 1602(f), 1631(a))

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

Timeline

1. 29 March 1973

   Introduced

   Referred to House Committee on Banking and Currency..

   Source: IntroReferral

2. 29 March 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 March 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in House

  summary · EN · 29 March 1973

  Open at official source

Sponsors

• Rep. Gonzalez, Henry B. [D-TX-20] · D · Sponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.