H.R.5023: SAFE Lending Act of 2016

About This Bill

Bill Summary

Stopping Abuse and Fraud in Electronic Lending Act of 2016 or the SAFE Lending Act of 2016 This bill amends the Electronic Fund Transfer Act (EFTA) to declare that a remotely created check may only be issued by a person specifically designated in writing by the consumer to the insured depository institution at which the consumer maintains the account from which the check is drawn. A remotely created check is a paper or electronic check that: ...

(Source: Library of Congress)

Bill Actions

Date Description
April 21, 2016
Referred to the House Committee on Financial Services.
April 21, 2016

Introduced in the House by Suzanne Bonamici (D-Ore.)

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