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Unsolicited Loan Act of 2019
10/28/2022, 1:45 AM
Congressional Summary of S 3036
Unsolicited Loan Act of 2019
This bill 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.
Read the Full Bill
Current Status of Bill S 3036
Bill S 3036 is currently in the status of Bill Introduced since December 12, 2019. Bill S 3036 was introduced during Congress 116 and was introduced to the Senate on December 12, 2019. Bill S 3036's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of December 12, 2019
Bipartisan Support of Bill S 3036
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
1Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3036
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Administrative law and regulatory procedures
- Banking and financial institutions regulation
- Consumer Financial Protection Bureau
- Consumer credit
Alternate Title(s) of Bill S 3036
Unsolicited Loan Act of 2019
Unsolicited Loan Act of 2019
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.
Comments
Sponsors and Cosponsors of S 3036
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