HR 2351
106th Congress
House
Finance and Financial Sector
Administrative procedure
Checks
Commerce
Consumer credit
Consumer education
Consumer protection
Debtor and creditor
Deceptive advertising
Federal Reserve System
Government Operations and Politics
Law
Liability (Law)
Negotiable instruments
Restrictive trade practices
Unsolicited Loan Check Consumer Protection Act of 1999
Introduced: June 24, 1999
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 15, 1999
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Jun 24, 1999
Referred to the House Committee on Banking and Financial Services.
Jun 24, 1999
Sponsor introductory remarks on measure. (CR E1387)
Jun 24, 1999
Introduced in House
Plain-English summary
Unsolicited Loan Check Consumer Protection Act of 1999 - Amends the Consumer Credit Protection Act to prohibit loan solicitations to consumers that are accompanied by a negotiable instrument (unsolicited loan checks), unless such solicitations are in response to a prior consumer request for an extension of credit.
Shields such consumer from liability for the amount of any negotiable instrument sent in violation of this Act. Prohibits the reporting to, or receipt by, any credit agency of information on consumer creditworthiness based upon such unsolicited loan checks.
Requires the Federal Reserve Board to promulgate implementing regulations.
What's happening now
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Committees of jurisdiction
2
Cosponsors
1