HR 1058
107th 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
Personal loans
Restrictive trade practices
Unsolicited Loan Check Consumer Protection Act of 2001
Introduced: March 15, 2001
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 26, 2001
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Mar 15, 2001
Referred to the House Committee on Financial Services.
Mar 15, 2001
Introduced in House
Plain-English summary
Unsolicited Loan Check Consumer Protection Act of 2001 - 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.
Declares that such consumers are not liable for the amount of any negotiable instrument sent in violation of this Act. Prohibits reporting to, or receipt by, any credit agency of information on consumer creditworthiness based upon such unsolicited loan checks.
What's happening now
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Committees of jurisdiction
2