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- H.R.1214
H.R.1214: Payday Loan Reform Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced Feb. 26, 2009
- Latest Major Action Feb. 26, 2009
Bill Sponsor
Bill Cosponsors
39 (All Democrats)
Bill Summary
Payday Loan Reform Act of 2009 - Amends the Truth in Lending Act to require a creditor to make specified disclosures when making a payday loan to a consumer. Prohibits a creditor from making a payday loan to any consumer unless: (1) specified notices are posted conspicuously in English and Spanish in the creditor's public lending area, or, if the loan is made using the Internet, fax or other means, posted conspicuously on the creditor's public...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Financial Services.
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Feb. 26, 2009 |
Introduced in the House by Luis V. Gutiérrez (D-Ill.) |