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HR 1495 103th Congress House

Advance Fee Loan Scam Prevention Act of 1993

Official title: To amend title 18, United States Code, to prohibit certain practices by unregulated loan brokers.

Introduced: March 25, 1993 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Commerce BrokersConsumer creditConsumer protectionCrime and Law Enforcement
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FeesFines (Penalties)ForfeitureFraudPostal crimesRestrictive trade practices
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 29, 1993
Referred to the Subcommittee on Crime and Criminal Justice.
Mar 25, 1993
Referred to the House Committee on Judiciary.
Mar 25, 1993
Sponsor introductory remarks on measure. (CR E784)
Mar 25, 1993
Introduced in House
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 Latest action March 29, 1993

Referred to the Subcommittee on Crime and Criminal Justice.

 Plain-English summary Congressional Research Service

Advance Fee Loan Scam Prevention Act of 1993 - Amends Federal criminal law to prohibit 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 1495: Advance Fee Loan Scam Prevention Act of 1993. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-1495/
MLA
"H.R. 1495: Advance Fee Loan Scam Prevention Act of 1993." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-1495/.
Bluebook (legal)
H.R. 1495, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-1495/.
Markdown link
[H.R. 1495: Advance Fee Loan Scam Prevention Act of 1993](https://openamerica.io/bill/103-HR-1495/)
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