S 3302 · 94th Congress · Commerce

A bill to amend the Truth in Lending Act.

Introduced 1976-04-13· Sponsored by Sen. Garn, E. J. (Jake) [R-UT]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1976-04-13)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Truth in Lending Act to eliminate the minimum recovery and to raise the maximum recovery to $10,000 for the civil penalty for violations of such Act. Revises the criteria for awarding attorney's fees in individual and class action punitive damages cases. Provides for an award of attorney's fees to the defendant in case of frivolous or harrassing suits.…

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