Small Dollar Loan Certainty Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8356 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8356 To amend the Truth in Lending Act to provide for a safe harbor for small-dollar credit products, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 10, 2024 Mrs. Kim of California introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Truth in Lending Act to provide for a safe harbor for small-dollar credit products, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Small Dollar Loan Certainty Act''. SEC. 2. SAFE HARBOR FOR SMALL-DOLLAR CREDIT PRODUCTS. (a) In General.--The Truth in Lending Act (15 U.S.C. 1601 et seq.) is amended by inserting after section 109 the following: ``Sec. 110. Safe harbor for small-dollar credit products ``(a) In General.--If a covered entity compli…