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United States · Bill · HR

H.R. 8106 (96th)

A bill to amend the Depository Institutions Deregulation and Monetary Control Act of 1980 to provide that any person may charge interest on any loan at a rate which is not more than 5 percent greater than the discount rate on ninety-day commercial paper which is in effect at the Federal Reserve bank in the Federal Reserve district in which such person is located.

referredUnited States· United States Congress· EN

Introduced

15 September 1980

Last action

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Status

Referred to House Committee on Banking, Finance and Urban Affairs.

Sponsors

—

Subjects

Discovery layer

Source updated

6 February 2024

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Summary

Amends the Depository Institutions Deregulation and Monetary Control Act of 1980 to make the interest rate ceiling applicable to any loan rather than business or agricultural loans in excess of $25,000. Postpones the effective date of such ceiling until January 1, 1981.

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Documents

1 official file

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