S. 1767 (112th): Deceptive Loan Check Elimination Act

Introduced:
Oct 31, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Jeff Merkley
Junior Senator from Oregon
Party
Democrat
Text
Read Text »
Last Updated
Oct 31, 2011
Length
4 pages
Related Bills
S. 1595 (111th) was a previous version of this bill.

Referred to Committee
Last Action: Aug 06, 2009

S. 187 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jan 30, 2013

 
Status

This bill was introduced on October 31, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Oct 31, 2011
Referred to Committee Oct 31, 2011
 
Full Title

A bill to amend the Truth in Lending Act to prohibit the distribution of any check or other negotiable instrument as part of a solicitation by a creditor for an extension of credit, to limit the liability of consumers in conjunction with such solicitations, and for other purposes.

Summary

No summaries available.

Cosponsors
1 cosponsors (1D) (show)
Committees

Senate Banking, Housing, and Urban Affairs

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


10/31/2011--Introduced.
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 for an extension of credit is not an application or request for purposes of this Act.
Shields a consumer from liability for: (1) the principal amount of a negotiable instrument sent in violation of this Act; or (2) any interest, fee, or penalty charged in connection with such negotiable instrument.
Prohibits any information relating to the liability of a consumer alleged by a creditor to have been established through a negotiable instrument sent in violation of this Act from being either reported to or received by any consumer reporting agency, or from being included in any consumer report.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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