H.R.2053: Unsolicited Loan Consumer Protection Act

About This Bill

Bill Summary

Unsolicited Loan Consumer Protection Act - Amends the Truth in Lending Act to prohibit a creditor from soliciting a consumer loan through the use of an unsolicited check or other negotiable instrument unless the consumer has initiated a request for an extension of credit before receiving such instrument. Shields a consumer from liability for any unsolicited check unless the consumer actually receives and negotiates such check. Creates a...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
June 25, 1997

Introduced in the House by Maurice D. Hinchey (D-N.Y.)

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