S. 1928 · 108th Congress · 2003–2004
Predatory Lending Consumer Protection Act of 2003
S. 1928 in the 108th Congress (2003–2004) was introduced on Nov 21, 2003, sponsored by Paul Sarbanes with 15 co-sponsors.
During the 108th Congress (2003–2004), George W. Bush was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Nov 21, 2003
- Co-sponsors
- 15
- Policy area
- Finance and Financial Sector
What it does
Predatory Lending Consumer Protection Act of 2003 - Amends the Truth in Lending Act guidelines for certain credit transactions secured by the consumer's principal dwelling (high-cost mortgage). Redefines a high-cost mortgage, lowering the maximum interest rates involved. Specifies additional costs, fees, and penalties included among points and fees. Defines bona fide discount points and benchmark rate.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Paul Sarbanes (D-MD). Co-sponsors: 15 Democrats.
Where it stands
- IntroducedNov 21, 2003
- Passed the Senate—
- Passed the House—
- Sent to the President—
- Became law—
Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S15471-15473) (Nov 21, 2003)
More bills from Paul Sarbanes in the 108th Congress
Other Finance and Financial Sector bills in the 108th Congress
- H.R. 258: American 5-Cent Coin Design Continuity Act of 2003
- H.R. 658: Accountant, Compliance, and Enforcement Staffing Act of 2003
- H.R. 2465: Family Farmer Bankruptcy Relief Act of 2003
- H.R. 659: Hospital Mortgage Insurance Act of 2003
- H.R. 1474: Check Clearing for the 21st Century Act
- H.R. 2622: Fair and Accurate Credit Transactions Act of 2003
- H.R. 1533: To amend the securities laws to permit church pension plans to be invested in collective trusts.
- S. 2864: Family Farmer Bankruptcy Relief Act of 2004
- H.R. 21: Unlawful Internet Gambling Funding Prohibition Act
- S.J.Res. 31: A joint resolution to provide for Congressional disapproval of certain regulations issued by the…
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
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