H.R.1865 - Prevention of Predatory Lending Through Education Act108th Congress (2003-2004)
|Sponsor:||Rep. Scott, David [D-GA-13] (Introduced 04/29/2003)|
|Committees:||House - Financial Services|
|Latest Action:||05/12/2003 Referred to the Subcommittee on Housing and Community Opportunity. (All Actions)|
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- Finance and Financial Sector
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Summary: H.R.1865 — 108th Congress (2003-2004)All Bill Information (Except 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.
Introduced in House (04/29/2003)
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.