Servicemembers Anti-Predatory Lending Protection Act
Latest action · Apr 4, 2005 Referred to the Subcommittee on Economic Opportunity.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 4, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Servicemembers Anti-Predatory Lending Protection Act - Amends the Servicemembers Civil Relief Act to set forth terms for consumer credit extended to a servicemember or servicemember's dependent, including terms of interest with respect to the extension of such credit.
Prohibits a creditor from imposing an annual percentage rate greater than 36 percent with respect to the consumer credit extended.
Sets forth mandatory loan disclosures, including: (1) a statement of the annual percentage rate applicable to the extension of credit; and (2) a clear description of the payment obligations.
Prohibits a creditor from automatically renewing, repaying, refinancing, or consolidating any consumer credit with the proceeds of other credit extended to a servicemember or a servicemember's dependent by the same creditor without: (1) executing new loan documentation signed by the servicemember; and (2) providing the mandatory loan disclosures.
Preempts any State or Federal law, rule, or regulation, including any State usury law, to the extent that it is inconsistent with this Act. States that this Act does not preempt any such law, rule, or regulation that provides additional protection.
Prescribes criminal penalties for violation of this Act.
Cosponsors 75
Members who signed on, in the order they did. Signatures ran from Mar 1, 2005 to Sep 27, 2006.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-KY | Ed Whitfield | Mar 1, 2005 | |
| D-MO | Ike Skelton | Mar 1, 2005 | |
| R-VA | Virgil H. Goode Jr. | Mar 1, 2005 | |
| D-VI | Donna M. Christensen | Mar 9, 2005 | |
| D-MA | James P. McGovern | Mar 9, 2005 | |
| R-VA | Frank R. Wolf | Mar 15, 2005 | |
| D-IN | Julia Carson | Mar 15, 2005 | |
| R-CA | Ken Calvert | Mar 15, 2005 | |
| D-IL | Luis V. Gutierrez | Mar 15, 2005 | |
| D-CA | Lynn C. Woolsey | Mar 15, 2005 | |
| R-TX | John R. Carter | Mar 16, 2005 | |
| D-GA | John Barrow | Apr 5, 2005 | |
| R-WV | Shelley Moore Capito | Apr 5, 2005 | |
| D-TX | Chet Edwards | Apr 13, 2005 | |
| R-VA | Thelma D. Drake | Apr 13, 2005 | |
| D-NM | Tom Udall | Apr 27, 2005 | |
| R-CT | Rob Simmons | May 3, 2005 | |
| R-MI | John J.H. "Joe" Schwarz | May 11, 2005 | |
| R-MI | Thaddeus G. McCotter | May 11, 2005 | |
| R-MI | Fred Upton | May 23, 2005 | |
| D-CA | Bob Filner | Jun 13, 2005 | |
| D-CA | Diane E. Watson | Jun 13, 2005 | |
| D-NY | Jose E. Serrano | Jun 13, 2005 | |
| R-FL | Mark Foley | Jun 13, 2005 | |
| R-FL | Katherine Harris | Jun 14, 2005 | |
| R-TX | Michael T. McCaul | Jun 14, 2005 | |
| D-AZ | Raúl M. Grijalva | Jun 15, 2005 | |
| D-CA | Hilda L. Solis | Jun 16, 2005 | |
| R-OK | Tom Cole | Jun 24, 2005 | |
| R-FL | John L. Mica | Jun 29, 2005 | |
| R-GA | Charles W. Norwood | Jun 30, 2005 | |
| R-LA | Rodney Alexander | Jun 30, 2005 | |
| D-GA | Sanford D. Bishop, Jr. | Jul 18, 2005 | |
| D-CA | Susan A. Davis | Jul 19, 2005 | |
| D-TX | Al Green | Jul 20, 2005 | |
| D-OH | Marcy Kaptur | Jul 20, 2005 | |
| R-IN | Dan Burton | Jul 21, 2005 | |
| R-IL | John Shimkus | Jul 21, 2005 | |
| R-IL | Mark Kirk | Jul 22, 2005 | |
| R-NJ | Scott Garrett | Jul 25, 2005 | |
| R-NE | Lee Terry | Jul 26, 2005 | |
| D-AR | Marion Berry | Jul 26, 2005 | |
| R-WA | David G. Reichert | Jul 28, 2005 | |
| D-AR | Vic Snyder | Jul 28, 2005 | |
| D-NC | David E. Price | Sep 7, 2005 | |
| R-NJ | Jim Saxton | Sep 14, 2005 | |
| D-PA | Allyson Y. Schwartz | Sep 22, 2005 | |
| D-NY | Brian Higgins | Sep 27, 2005 | |
| D-WA | Norman D. Dicks | Sep 27, 2005 | |
| D-NC | Brad Miller | Oct 6, 2005 | |
| D-VA | Robert C. "Bobby" Scott | Oct 6, 2005 | |
| R-PA | Phil English | Oct 18, 2005 | |
| D-TX | Silvestre Reyes | Oct 18, 2005 | |
| D-NJ | Robert E. Andrews | Oct 25, 2005 | |
| D-TX | Gene Green | Nov 3, 2005 | |
| R-CA | Elton Gallegly | Mar 1, 2006 | |
| R-NY | John R. "Randy" Kuhl Jr. | Mar 1, 2006 | |
| D-CA | Sam Farr | Mar 1, 2006 | |
| R-FL | C. W. Bill Young | Mar 8, 2006 | |
| D-MO | Emanuel Cleaver | Mar 8, 2006 | |
| D-MI | John Conyers, Jr. | Mar 9, 2006 | |
| D-OH | Ted Strickland | Mar 28, 2006 | |
| D-ND | Earl Pomeroy | Apr 25, 2006 | |
| R-FL | Jeff Miller | Apr 25, 2006 | |
| D-MD | Albert Russell Wynn | Jun 28, 2006 | |
| D-TX | Ruben Hinojosa | Jun 28, 2006 | |
| D-TX | Sheila Jackson Lee | Jun 29, 2006 | |
| D-PA | Robert A. Brady | Jul 10, 2006 | |
| R-KY | Ron Lewis | Jul 10, 2006 | |
| R-MO | Jo Ann Emerson | Jul 12, 2006 | |
| R-NC | Sue Wilkins Myrick | Jul 17, 2006 | |
| R-MT | Denny Rehberg | Sep 6, 2006 | |
| D-MD | Elijah E. Cummings | Sep 6, 2006 | |
| D-TX | Charles A. Gonzalez | Sep 13, 2006 | |
| D-GU | Madeleine Z. Bordallo | Sep 27, 2006 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Veterans' Affairs Committee | Referred Jan 4, 2005 |
| Economic Opportunity Subcommittee | Referred Apr 4, 2005 |
Actions 3
Everything that happened, newest first.
- Apr 4, 2005Referred to the Subcommittee on Economic Opportunity.
- Jan 4, 2005Introduced in House
- Jan 4, 2005Referred to the House Committee on Veterans' Affairs.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To establish requirements with respect to the terms of consumer credit extended by a creditor to a servicemember or the dependent of a servicemember, and for other purposes.
- Short Titles as Introduced
- Servicemembers Anti-Predatory Lending Protection Act
Subjects
Assigned by the Library of Congress. Policy area: Armed Forces and National Security.
Text 1
Each version as it was printed, newest first.
- Jan 4, 2005Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.