An amendment numbered 11 printed in House Report 111-92 to provide that the amount of a balance as of the 7-day mark, instead of the 14-day mark, following a notice of a rate increase would be protected from the rate increase.
Rep. Walter Minnick (D-ID)Description
Amendment provides that the amount of a balance following a notice of a rate increase would be protected from the rate of increase as of the 7-day mark instead of the 14-day mark.
Text
Offered
In paragraph (2) of section 127B(a) of the Truth in Lending Act (as added by section 2(a) of the bill, strike “14th” and insert “7th”.
Legislative Activity
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House amendment offered
April 30, 2009
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House amendment offered
April 30, 2009
House amendment offered/reported by : Amendment (A011) offered by Mr. Minnick.(consideration: CR H5029; text: CR H5029)
April 30, 2009 • 1:15 PM
House amendment agreed to: On agreeing to the Minnick amendment (A011) Agreed to by voice vote.
April 30, 2009 • 1:18 PM
Amendment agreed to Committee of the Whole
April 30, 2009 • 1:18 PM
Amendment (A011) offered by Mr. Minnick. (consideration: CR H5029; text: CR H5029)
April 30, 2009 • 1:15 PM
On agreeing to the Minnick amendment (A011) Agreed to by voice vote.
April 30, 2009 • 1:18 PM