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H.R. 3299

BillFederalHousePassed House
Protecting Consumers' Access to Credit Act of 2017
About This Bill
Passed
Latest Action · February 15, 2018
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congress
115th (2017–2019)
Introduced
July 19, 2017
Sponsor
Rep. Patrick McHenryR
Cosponsors (3)
2D 1R
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Summary

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(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.) Protecting Consumers' Access to Credit Act of 2017 (Sec. 3) This bill amends the Revised Statutes, the Home Owners' Loan Act, the Federal Credit Union Act, and the Federal Deposit Insurance Act to state that bank loans that are valid when made as to their maximum rate of interest in accordance with federal law shall remain valid with respect to that rate regardless of whether a bank has subsequently sold or assigned the loan to a third party.

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