Prevention of Predatory Lending Through Education Act

Fact Sheet API

Bill Number

HR 1865

Introduced

Apr 29, 2003

Latest Action

Referred to the Subcommittee on Housing and Community Opportunity.

Sponsor

Cosponsors

Topics

Commerce Congress Congressional reporting requirements Consumer complaints Consumer education Consumer protection Counseling Data banks Economics and Public Finance Federal advisory bodies Federal aid to housing Finance and Financial Sector Financial services Foreclosure Government Operations and Politics Government publicity Governmental investigations Home ownership Housing and Community Development Legislation Loan defaults Mortgage interest rates Mortgages Nonprofit organizations Restrictive trade practices Science, Technology, Communications Social Welfare Telephone

Full Text

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Votes

Summary

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.

Actions

May 12, 2003

Referred to the Subcommittee on Housing and Community Opportunity.
Apr 30, 2003

Sponsor introductory remarks on measure. (CR E815)
Apr 29, 2003

Referred to the House Committee on Financial Services.
Apr 29, 2003

Introduced in House

Amendments

Related Bills