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HR 3217 107th Congress House Finance and Financial Sector Collection of accounts Commerce Consumer credit Consumer protection Debtor and creditor EBB Terrorism Fees Financial services Insurance companies Securities industry

Late Fee Relief Act

Introduced: November 1, 2001 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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
Nov 19, 2001
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Nov 1, 2001
Referred to the House Committee on Financial Services.
Nov 1, 2001
Introduced in House
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 Plain-English summary Congressional Research Service
Late Fee Relief Act - Establishes a six-month period during which consumers of financial services shall be extended a two-week grace period to make any obligatory payments. Prohibits a financial services business from: (1) imposing either a late fee or additional financing fee upon a consumer account for failure to make payment by the due date, unless a payment is not received by the end of the two-week grace period; or (2) providing any information adverse to the consumer or the consumer's credit status as a result of such payment failure before the two-week grace period.

States that this Act shall be enforced under the Truth in Lending Act.

What's happening now November 19, 2001

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 1
All 1 Democratic 1
D
McGovern, James P.
Massachusetts · Nov 13, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3217: Late Fee Relief Act. 107th Congress. Open America. https://openamerica.io/bill/107-HR-3217/
MLA
"H.R. 3217: Late Fee Relief Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-3217/.
Bluebook (legal)
H.R. 3217, 107th Cong. (2026), https://openamerica.io/bill/107-HR-3217/.
Markdown link
[H.R. 3217: Late Fee Relief Act](https://openamerica.io/bill/107-HR-3217/)
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