Servicemembers Credit Protection Act

Bill: 109-hr-5327
Sponsor: Rep. Israel, Steve [D-NY-2]
Introduced: 2006-05-09 in the House
Policy area: Armed Forces and National Security
Subjects: Armed forces abroad
Collection of accounts
Commerce
Consumer credit
Consumer protection
Contracts
Crime and Law Enforcement
Eviction
Finance and Financial Sector
Fines (Penalties)
Foreclosure
Government Operations and Politics
Government paperwork
Housing and Community Development
Insurance
Landlord and tenant
Lease and rental services
Leases
Liens
Life insurance
Military personnel
Mortgages
Motor vehicles
Rental housing
Surety and fidelity
Transportation and Public Works

Summary:
action_date: 2006-05-09
text: 
Servicemembers Credit Protection Act - Amends the Servicemembers Civil Relief Act to direct the Secretary of Defense, in case of the deployment of a servicemember away from their usual duty station to duty for which the servicemember is entitled to special pay, to notify each consumer reporting agency (agency): (1) of the deployment of such servicemember within 30 days after the deployment; and (2) within 30 days after the end of such deployment. Requires the Secretary, in providing such notice, to take measures to ensure agency compliance with provisions of the Fair Credit Reporting Act with respect to the servicemember.
 
Increases penalties for consumer credit reporting violations involving servicemembers deployed to an overseas combat zone.
 
Amends the Fair Credit Reporting Act to require each agency that receives a combat zone duty alert from the Secretary with respect to a servicemember to: (1) include the alert in the file of that consumer and provide such alert along with any credit score, until notified by the Secretary that the consumer no longer qualifies for such alert; and (2) during the period of the alert, exclude the consumer from any list provided to a third party to offer credit or insurance to such consumer as part of a transaction not initiated by the consumer.
 
Requires the combat zone duty alert included in any consumer's file to include a summary of the consumer's rights under the Servicemembers Civil Relief Act and the duties of creditors and other persons to the consumer.


Legislative actions:
action_date: 2006-08-31
text: Referred to the Subcommittee on Financial Institutions and Consumer Credit.
action_date: 2006-05-17
text: Referred to the Subcommittee on Economic Opportunity.
action_date: 2006-05-09
text: Referred to the Committee on Veterans' Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2006-05-09
text: Referred to the Committee on Veterans' Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2006-05-09
text: Referred to the Committee on Veterans' Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2006-05-09
text: Introduced in House
action_date: 2006-05-09
text: Introduced in House