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.
Administrative law and regulatory proceduresBanking and financial institutions regulationConsumer creditConsumer Financial Protection Bureau
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.
USA115th CongressS-3734| Senate
| Updated: 12/10/2018
Unsolicited Loan Act of 2018 This bill prohibits a lender from providing an unsolicited loan check to a consumer.