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United States · Bill · S

S. 891 (107th)

Underage Consumer Credit Protection Act of 2001

referredUnited States· United States Congress· EN

Introduced

15 May 2001

Last action

15 May 2001 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S4958)

Sponsors

Sen. Dodd, Christopher J. [D-CT], Sen. Stabenow, Debbie [D-MI]

Subjects

Discovery layer

Source updated

19 August 2025

Official sourceDownload fileView documentsShare

Summary

Underage Consumer Credit Protection Act of 2001 - Amends the Truth in Lending Act to prescribe application requirements for the issuance of a credit card to an underage (under age 21) consumer, which include: (1) signature indicating joint liability for debts in connection with the account by another individual having the means to repay debts incurred by the underage consumer; (2) submission of financial information indicating an independent means of repayment by the consumer; or (3) proof of completion by the consumer of a specified credit counseling course. Authorizes the Board of Governors of the Federal Reserve system to promulgate the attendant rules and model forms.

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

Timeline

  1. 15 May 2001

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S4958)

    Source: IntroReferral

  2. 15 May 2001

    Introduced

    Sponsor introductory remarks on measure. (CR S4957-4958)

    Source: IntroReferral

  3. 15 May 2001

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 15 May 2001

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 15 May 2001

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 15 May 2001

    Open at official source

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Sponsors

Related records

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Sources

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