H.R.1332: Truth in Lending Modernization Act of 1999

About This Bill

Bill Summary

Truth in Lending Modernization Act of 1999 - Amends the Consumer Credit Protection Act to: (1) apply consumer credit information and disclosure requirements to all credit and lease transactions involving real and personal property in which the total amount financed exceeds $50,000 (currently $25,000); and (2) increase the civil penalties for creditor violations of such requirements. Amends the Housing and Community Development Act of 1992 to...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
March 25, 1999

Introduced in the House by John J. LaFalce (D-N.Y.)

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