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HR 2053 105th Congress House Finance and Financial Sector Bank accounts Bank loans Bank marketing Checks Commerce Consumer credit Consumer education Evidence (Law) Law Liability (Law) Negotiable instruments

Unsolicited Loan Consumer Protection Act

Introduced: June 25, 1997 See on congress.gov
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 14, 1997
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Jun 25, 1997
Referred to the House Committee on Banking and Financial Services.
Jun 25, 1997
Introduced in House
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 Plain-English summary Congressional Research Service

Unsolicited Loan Consumer Protection Act - Amends the Truth in Lending Act to prohibit a creditor from soliciting a consumer loan through the use of an unsolicited check or other negotiable instrument unless the consumer has initiated a request for an extension of credit before receiving such instrument.

Shields a consumer from liability for any unsolicited check unless the consumer actually receives and negotiates such check. Creates a rebuttable presumption that such unsolicited instrument was neither received nor negotiated by the consumer to whom it was issued.

Prohibits information on any liability pertaining to such unsolicited instrument from being reported to or received by any consumer reporting agency.

What's happening now July 14, 1997

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2
D
Lofgren, Zoe
California · Nov 9, 1997
 D
Thompson, Bennie G.
Mississippi · Oct 28, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2053: Unsolicited Loan Consumer Protection Act. 105th Congress. Open America. https://openamerica.io/bill/105-HR-2053/
MLA
"H.R. 2053: Unsolicited Loan Consumer Protection Act." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-2053/.
Bluebook (legal)
H.R. 2053, 105th Cong. (2026), https://openamerica.io/bill/105-HR-2053/.
Markdown link
[H.R. 2053: Unsolicited Loan Consumer Protection Act](https://openamerica.io/bill/105-HR-2053/)
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