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H.R. 1865 · 108th Congress

Prevention of Predatory Lending Through Education Act

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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

DSD ScottSponsor
15 cosponsors · 9 D, 6 R

Prevention of Predatory Lending Through Education Act - Authorizes the Secretary of Housing and Urban Development to make grants to States, units of local government, and nonprofit organizations for counseling, referral, and education programs for the prevention of predatory lending.

What it does: CRS summary · Introduced in House · Apr 29, 2003
Prevention of Predatory Lending Through Education Act - Authorizes the Secretary of Housing and Urban Development to make grants to States, units of local government, and nonprofit organizations for counseling, referral, and education programs for the prevention of predatory lending.

Directs the Secretary to establish a toll-free telephone number for predatory lending complaints.

Establishes in the Department of Housing and Urban Development a Predatory Lending Advisory Council, which shall: (1) advise the Secretary on issues concerning predatory lending practices; and (2) conduct a study of the causes of home loan defaults and foreclosures.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Prevention of Predatory Lending Through Education Act

Latest action (May 12, 2003): Referred to the Subcommittee on Housing and Community Opportunity.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Apr 29, 2003

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.