HR 200 · 109th Congress · Finance and Financial Sector

Prevention of Predatory Lending Through Education Act

Introduced 2005-01-04· Sponsored by Rep. Scott, David [D-GA-13]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Housing and Community Opportunity.(2005-02-28)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

1 Democrat2 Republicans