S.187: Deceptive Loan Check Elimination Act

About This Bill

Bill Cosponsors

2 (All Democrats)

Bill Summary

Deceptive Loan Check Elimination Act - Amends the Truth in Lending Act (TILA) to prohibit a person from extending any consumer credit through the use by the consumer of a check or other negotiable instrument sent by the creditor to solicit an extension of consumer credit, unless the consumer has requested it in writing. States that a nonnegotiable instrument that has the appearance of a negotiable instrument in connection with a solicitation...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with S.187.

Bill Actions

Date Description
Jan. 30, 2013
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan. 30, 2013

Introduced in the Senate by Jeff Merkley (D-Ore.)

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