Skip to main content
HR 2697 115th Congress House

Transparency in Military Lending Act of 2017

Official title: To amend title 10, United States Code, to require additional disclosures by creditors when lending to members of the Armed Forces and their dependents, and for other purposes.

Introduced: May 25, 2017 See on congress.gov
Armed Forces and National Security Consumer affairsConsumer creditFinancial services and investmentsGovernment information and archives
More subjectsShow fewer subjects
Interest, dividends, interest ratesMilitary personnel and dependents
Sign in to write a letter Sign in to watch
This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Jun 16, 2017
Referred to the Subcommittee on Military Personnel.
May 25, 2017
Introduced in House
May 25, 2017
Referred to the House Committee on Armed Services.
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action June 16, 2017

Referred to the Subcommittee on Military Personnel.

 Plain-English summary Congressional Research Service

Transparency in Military Lending Act of 2017

This bill requires a creditor to provide to a member of the Armed Forces on active regular, reserve, or National Guard duty or such member's dependent, with respect to any extension of consumer credit, and to obtain the member's or dependent's signed acknowledgement of: (1) a statement that the Department of Defense (DOD) and each service branch offers a variety of financial counseling services; (2) a statement that other, potentially lower interest rate loans may be available through other financial institutions and military relief societies; (3) contact information for the nearest DOD financial counseling office; and (4) a statement of the actual cost of the extension of credit when paid off at different points over time.

DOD shall prepare a list of DOD financial counseling offices and make such list available to creditors and the public.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2697: Transparency in Military Lending Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2697/
MLA
"H.R. 2697: Transparency in Military Lending Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2697/.
Bluebook (legal)
H.R. 2697, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2697/.
Markdown link
[H.R. 2697: Transparency in Military Lending Act of 2017](https://openamerica.io/bill/115-HR-2697/)
Report a problem