US SB3036 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on December 12 2019 - 25% progression, died in committee
Action: 2019-12-12 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 12 2019 - 25% progression, died in committee
Action: 2019-12-12 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Prohibits a lender from providing an unsolicited loan check or similar instrument to a consumer. Additionally, a consumer is not liable for any debt incurred from such an instrument.
Title
Unsolicited Loan Act of 2019
Sponsors
Sen. Doug Jones [D-AL] | Sen. Tom Cotton [R-AR] | Sen. Jeff Merkley [D-OR] |
History
Date | Chamber | Action |
---|---|---|
2019-12-12 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Subjects
Administrative law and regulatory procedures
Banking and financial institutions regulation
Consumer credit
Consumer Financial Protection Bureau
Finance and financial sector
Banking and financial institutions regulation
Consumer credit
Consumer Financial Protection Bureau
Finance and financial sector
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/3036/all-info |
Text | https://www.congress.gov/116/bills/s3036/BILLS-116s3036is.pdf |