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United States · Bill · S

S. 279 (103rd)

Advance Fee Loan Scam Prevention Act of 1993

referredUnited States· United States Congress· EN

Introduced

2 February 1993

Last action

Status

Read twice and referred to the Committee on Banking.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Advance Fee Loan Scam Prevention Act of 1993 - Prohibits the receipt of advance fees by unregulated loan brokers arranging consumer credit for individuals. Grants the Federal Trade Commission enforcement powers under this Act. Establishes criminal penalties and civil forfeiture penalties for violations of this Act.

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Versions

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Documents

3 official files

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Sources

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