I 
113TH CONGRESS 
1ST SESSION H. R. 3691 
To amend title 10, United States Code, to require additional disclosures 
when lending to military members and their dependents, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 10, 2013 
Mr. KILDEE introduced the following bill; which was referred to the 
Committee on Armed Services 
A BILL 
To amend title 10, United States Code, to require additional 
disclosures when lending to military members and their 
dependents, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Transparency in Mili-
tary Lending Act of 2013’’. 
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SEC. 2. TRANSPARENCY IN LENDING TO MILITARY MEM-
BERS AND THEIR DEPENDENTS. 
(a) TRANSPARENCY
AND
DISCLOSURES.—Section 
987(c) of title 10, United States Code, is amended by add-
ing at the end the following: 
‘‘(3) ADDITIONAL DISCLOSURES.— 
‘‘(A) IN GENERAL.—With respect to any 
extension of consumer credit described under 
paragraph (1), a creditor shall provide to the 
member or dependent each of the following 
pieces of information, orally and in writing, and 
the creditor may not issue the credit unless the 
member or dependent signs a separate acknowl-
edgment next to each piece of information ac-
knowledging that the member or dependent has 
read each such piece: 
‘‘(i) A statement that the Department 
of Defense and each service branch, offers 
a variety of financial counseling services. 
‘‘(ii) A statement that other, lower in-
terest rate loans, including potentially 0 
percent interest loans, may be available 
through other financial institutions and 
military relief societies. 
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‘‘(iii) Contact information for the 
nearest Department of Defense financial 
counseling office. 
‘‘(iv) The actual cost of the extension 
of credit, prepared as an amortization 
table showing what the cost to the member 
or dependent will be if paid off at different 
points over time. 
‘‘(B) FORMAT OF DISCLOSURES.—The dis-
closures required under this paragraph shall be 
made on a single sheet of paper and be in a 
bold, 14-point font. 
‘‘(C) LIST OF FINANCIAL COUNSELING OF-
FICES.—The Secretary of Defense shall prepare 
a list of Department of Defense financial coun-
seling offices, and make sure the list is avail-
able to creditors and the public.’’. 
(b) TRANSPARENCY FOR PAYDAY LOANS AND VEHI-
CLE LOANS.—Solely for purposes of the disclosures re-
quired under section 987(c)(3) of title 10, United States 
Code, the Secretary of Defense shall apply the definitions 
of ‘‘payday loans’’ and ‘‘vehicle title loans’’ under section 
232.3 of title 32, Code of Federal Regulations, as pro-
viding that the terms of such loans are 10 years or less. 
Æ 
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