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HR 5689 111th Congress House Finance and Financial Sector Consumer affairs Consumer credit Interest, dividends, interest rates User charges and fees

Predatory Lending Sunset Act

Introduced: July 1, 2010 See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 1, 2010
Introduced in House
Jul 1, 2010
Referred to the House Committee on Financial Services.
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 Plain-English summary Congressional Research Service

Predatory Lending Sunset Act - Amends the Truth in Lending Act to limit the maximum interest rate which a creditor may charge on a covered consumer credit loan of up to $3,000 to an annual percentage rate (APR) of 36%.

Prohibits a creditor from extending a covered loan with respect to which the creditor uses as security either: (1) access to a borrower's financial account; or (2) the title of a vehicle.

Amends the Electronic Fund Transfer Act to prohibit a remotely created check that: (1) is not created by the financial institution that holds the customer account from which the check is to be paid; and (2) does not bear a signature applied by the person from whose account the check is to be paid.

Declares unenforceable, with respect to any consumer, any contract made in violation of this Act.


What's happening now July 1, 2010

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
D
Bishop, Sanford D.
Georgia · Sep 15, 2010
Delahunt, Bill
· Sep 15, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5689: Predatory Lending Sunset Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-5689/
MLA
"H.R. 5689: Predatory Lending Sunset Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-5689/.
Bluebook (legal)
H.R. 5689, 111th Cong. (2026), https://openamerica.io/bill/111-HR-5689/.
Markdown link
[H.R. 5689: Predatory Lending Sunset Act](https://openamerica.io/bill/111-HR-5689/)
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