Servicemembers Anti-Predatory Lending Protection Act

Summary

Servicemembers Anti-Predatory Lending Protection Act - Amends the Servicemembers Civil Relief Act to set forth terms for consumer credit extended to a servicemember or servicemember's dependent, including terms of interest with respect to the extension of such credit. Prohibits a creditor from imposing an annual percentage rate greater than 36 percent with respect to the consumer credit extended. Sets forth mandatory loan disclosures, including: (1) a statement of the annual percentage rate applicable to the extension of credit; and (2) a clear description of the payment obligations. Prohibits a creditor from automatically renewing, repaying, refinancing, or consolidating any consumer credit with the proceeds of other credit extended to a servicemember or a servicemember's dependent by the same creditor without: (1) executing new loan documentation signed by the servicemember; and (2) providing the mandatory loan disclosures. Preempts any State or Federal law, rule, or regulation, including any State usury law, to the extent that it is inconsistent with this Act. States that this Act does not preempt any such law, rule, or regulation that provides additional protection. Prescribes criminal penalties for violation of this Act.

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

Timeline

1. 4 January 2005

   Introduced

   Referred to the House Committee on Veterans' Affairs.

   Source: IntroReferral

2. 4 January 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 January 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 4 April 2005

   Referred

   Referred to the Subcommittee on Economic Opportunity.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 4 January 2005 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 January 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 4 January 2005

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 4 January 2005

  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. Graves, Sam [R-MO-6] · R · Sponsor
• Rep. Skelton, Ike [D-MO-4] · D · Cosponsor
• Rep. Goode, Virgil H., Jr. [R-VA-5] · R · Cosponsor
• Rep. Whitfield, Ed [R-KY-1] · R · Cosponsor
• Rep. McGovern, James P. [D-MA-2] · D · Cosponsor
• Del. Christensen, Donna M. [D-VI-At Large] · D · Cosponsor
• Rep. Gutierrez, Luis V. [D-IL-4] · D · Cosponsor
• Rep. Carson, Julia [D-IN-7] · D · Cosponsor
• Rep. Woolsey, Lynn C. [D-CA-6] · D · Cosponsor
• Rep. Calvert, Ken [R-CA-41] · R · Cosponsor
• Rep. Wolf, Frank R. [R-VA-10] · R · Cosponsor
• Rep. Carter, John R. [R-TX-31] · R · Cosponsor
• Sen. Capito, Shelley Moore [R-WV] · R · Cosponsor
• Rep. Barrow, John [D-GA-12] · D · Cosponsor
• Rep. Edwards, Chet [D-TX-17] · D · Cosponsor
• Rep. Drake, Thelma D. [R-VA-2] · R · Cosponsor
• Sen. Udall, Tom [D-NM] · D · Cosponsor
• Rep. Simmons, Rob [R-CT-2] · R · Cosponsor
• Rep. Schwarz, John J.H. "Joe" [R-MI-7] · R · Cosponsor
• Rep. McCotter, Thaddeus G. [R-MI-11] · R · Cosponsor
• Rep. Upton, Fred [R-MI-6] · R · Cosponsor
• Rep. Watson, Diane E. [D-CA-33] · D · Cosponsor
• Rep. Foley, Mark [R-FL-16] · R · Cosponsor
• Rep. Filner, Bob [D-CA-51] · D · Cosponsor
• Rep. Serrano, Jose E. [D-NY-15] · D · Cosponsor
• Rep. Harris, Katherine [R-FL-13] · R · Cosponsor
• Rep. McCaul, Michael T. [R-TX-10] · R · Cosponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Cosponsor
• Rep. Solis, Hilda L. [D-CA-32] · D · Cosponsor
• Rep. Cole, Tom [R-OK-4] · R · Cosponsor
• Rep. Mica, John L. [R-FL-7] · R · Cosponsor
• Rep. Alexander, Rodney [R-LA-5] · R · Cosponsor
• Rep. Norwood, Charles W. [R-GA-9] · R · Cosponsor
• Rep. Bishop, Sanford D. [D-GA-2] · D · Cosponsor
• Rep. Davis, Susan A. [D-CA-53] · D · Cosponsor
• Rep. Green, Al [D-TX-9] · D · Cosponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Cosponsor
• Rep. Burton, Dan [R-IN-5] · R · Cosponsor
• Rep. Shimkus, John [R-IL-15] · R · Cosponsor
• Sen. Kirk, Mark Steven [R-IL] · R · Cosponsor
• Rep. Garrett, Scott [R-NJ-5] · R · Cosponsor
• Rep. Terry, Lee [R-NE-2] · R · Cosponsor
• Rep. Berry, Marion [D-AR-1] · D · Cosponsor
• Rep. Reichert, David G. [R-WA-8] · R · Cosponsor
• Rep. Snyder, Vic [D-AR-2] · D · Cosponsor
• Rep. Price, David E. [D-NC-4] · D · Cosponsor
• Rep. Saxton, Jim [R-NJ-3] · R · Cosponsor
• Rep. Schwartz, Allyson Y. [D-PA-13] · D · Cosponsor

Showing 48 of 77 sponsors and actors.

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