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Searching...- Bills
- H.R.1182
H.R.1182: Prohibit Predatory Lending Act
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about law
- Introduced March 9, 2005
- Latest Major Action May 13, 2005
Bill Sponsor
Bill Cosponsors
67 (67 Democrats, 1 Independent Democrat)
Bill Summary
Prohibit Predatory Lending Act - Amends the Truth in Lending Act in connection with consumer credit cost disclosure to redefine: (1) high-cost mortgage; (2) the formula used to adjust certain percentage points in connection with a consumer credit transaction secured by the consumer's principal dwelling; and (3) related points and fees. Sets forth a formula to calculate: (1) points and fees for open-end loans; and (2) bona fide discount points...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Referred to the House Committee on Financial Services.
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Sponsor introductory remarks on measure.
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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Referred to the Subcommittee on Housing and Community Opportunity.
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| March 9, 2005 |
Introduced in the House by Brad Miller (D-N.C.) |