BILL NO | A06475 |
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SAME AS | SAME AS S04371
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SPONSOR | Wright |
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COSPNSR | D'Urso, Colton, Sayegh, Hunter, Dickens, Benedetto, Miller MG, Epstein, Abinanti, Magnarelli,
Steck, Fernandez, Taylor |
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MLTSPNSR | Blake, De La Rosa, Galef, Glick, Hyndman, Simon |
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Amd §9-t, Bank L |
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Requires lending institutions that send unsolicited mail-loan checks to clearly state in solicitation letter the interest rate to be applied to such loan and to demonstrate the total cost of loan in a dollar amount, at the offered interest rate, over periods of six months, one year, and three years. |