HR 4806
102th Congress
House
Commerce
Business cycles
Collection of accounts
Consumer credit
Consumer protection
Dislocated workers
Location of industries
Unemployed
Consumers Credit Protection Amendments of 1992
Introduced: April 8, 1992
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 1992
Referred to the Subcommittee on Consumer Affairs and Coinage.
Apr 8, 1992
Referred to the House Committee on Banking, Finance + Urban Affrs.
Apr 8, 1992
Introduced in House
Plain-English summary
Consumers Credit Protection Amendments of 1992 - Amends the Fair Credit Reporting Act to require, when a consumer with a good credit history loses a job due to any recession or the transfer of a job to a foreign country, reporting of the consumer's rating prior to the job loss and a statement that it is reasonable to assume that the consumer's rating would be good or satisfactory but for the loss of employment due to factors beyond the control of the consumer.
Prohibits reporting of information more than three years old regarding an account placed for collection if the account is subsequently paid.
What's happening now
Referred to the Subcommittee on Consumer Affairs and Coinage.
Committees of jurisdiction
2
Cosponsors
1