To discourage predatory lending practices.
Sen. Richard J. Durbin (D-IL)Legislative Activity
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Senate amendment not agreed to: Amendment SA 38 not agreed to in Senate by Yea-Nay Vote. 40 - 58. Record Vote Number: 22.
March 3, 2005
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Senate amendment not agreed to: Amendment SA 38 not agreed to in Senate by Yea-Nay Vote. 40 - 58. Record Vote Number: 22.
March 3, 2005
Roll call votes on amendments in Senate: Amendment SA 38 not agreed to in Senate by Yea-Nay Vote. 40 - 58. Record Vote Number: 22.
March 3, 2005
Considered by Senate. (consideration: CR S1979, S1984)
March 3, 2005
Amendment SA 38 not agreed to in Senate by Yea-Nay Vote. 40 - 58. Record Vote Number: 22.
March 3, 2005
Senate amendment submitted
March 2, 2005
Senate amendment proposed (on the floor): Amendment SA 38 proposed by Senator Durbin.
March 2, 2005
Amendment SA 38 proposed by Senator Durbin. (consideration: CR S1920-1923; text: CR S1920) To discourage predatory lending practices.
March 2, 2005
Votes
1 roll call on this amendment
Text
Submitted
SA 38. Mr. DURBIN proposed an amendment to the bill S. 256, to amend title 11 of the United States Code, and for other purposes; as follows: On page 67, between lines 18 and 19, insert the following: SEC. 206. DISCOURAGING PREDATORY LENDING PRACTICES. Section 502(b) of title 11, United States Code, is amended-- (1) in paragraph (8), by striking ``or'' at the end; (2) in paragraph (9), by striking the period at the end and inserting ``; or''; and (3) by adding at the end the following: ``(10) if the creditor has materially failed to comply with any applicable requirement under section 129(a) of the Truth in Lending Act (15 U.S.C. 1639(a)) or section 226.32 or 226.34 of Regulation Z (12 C.F.R. 226.32, 226.34), such claim is based on a secured debt.''. ______