To amend the Truth in Lending Act to modify the definition of credit sale.

Bill: 115-hr-6625
Sponsor: full_name: Rep. Sessions, Pete [R-TX-32]
Introduced: 2018-07-26
Policy area: Finance and Financial Sector
Subjects: Consumer credit

Contracts and agency
Latest action: action_date: 2018-07-26
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2018-07-26
action_desc: Introduced in House
text: <p>This bill amends the Truth in Lending Act to specify which contracts are considered a &quot;credit sale&quot; for the purposes of that Act.</p>

tv_txt: I 115th CONGRESS 2d Session H. R. 6625 IN THE HOUSE OF REPRESENTATIVES July 26, 2018 Mr. Sessions introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Truth in Lending Act to modify the definition of credit sale.

1. Definition of credit sale Section 103(h) of the Truth in Lending Act ( 15 U.S.C. 1602(h) ) is amended by inserting (unless terminable without penalty at any time by the consumer) after or lease .