United States · Bill · S
S. 539 (107th)
A bill to amend the Truth in Lending Act to prohibit finance charges for on-time payments.
Introduced
15 March 2001
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
Summary
Amends the Truth in Lending Act to prohibit imposition of finance or interest charges upon a consumer credit card account (under an open end consumer credit plan) for on-time payments when no other balance is owing on the account.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 15 March 2001
Introduced in Senate (PDF)
Introduced in Senate · EN · 15 March 2001
Introduced in Senate
summary · EN · 15 March 2001
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/107th-congress/senate-bill/539
- Open data entity: https://api.congress.gov/v3/bill/107/s/539