,,ii  #aacth ,,congress  #ast ,session  
,s4 #ahg  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,january #cj1 #bjac 
,mr4 ,merkley 7for himself1 ,mr4 ,brown1
 and ,mr4 ,whitehouse7 introduced the   
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to amend the ,truth in ,lending
 ,act to prohibit the distribution of   
any check or other negotiable instrument
 as part of a solicitation by a creditor
 for an extension of credit1 to limit   
the liability of consumers in           
conjunction with such solicitations1 and
 for other purposes4  #a4 ,short title  
,this ,act may be cited as the          
,deceptive ,loan ,check ,elimination    
,act4  #b4 ,unsolicited loan checks     
prohibited  7a7 ,in general ,section    
#acb of the ,truth in ,lending ,act 7#ae
 ,u4,s4,c4 #afdb7 is amended--  7#a7 by 
inserting 7a7 ,in general4-- before ,no 
credit2 and  7#b7 by adding at the end  
the following3  7b7 ,unsolicited loan   

checks prohibited ,no person may extend 
any consumer credit which is otherwise  
subject to this title through the use by
 the consumer of a check1 other         
negotiable instrument1 or such other    
similar product as the ,bureau may1 by  
rule1 determine1 that the creditor has  
sent to the consumer in connection with 
a solicitation by the creditor for an   
extension of consumer credit1 unless the
 consumer submitted a written           
application for1 or otherwise requested 
in writing1 the extension of credit     
before the date on which the creditor   
sent the check1 negotiable instrument1  
or other similar product4  7c7          
,look-,alike checks ,a certificate1     
voucher1 or other nonnegotiable         
instrument provided to a consumer in    
connection with a solicitation for an   
extension of credit that has the        
appearance of a check or other          
negotiable instrument is not an         
application or request for an extension 
of credit for purposes of this section4 

7d7 ,liability of consumer  7#a7        
,liability of consumer ,a consumer shall
 not be liable for--  7,a7 the principal
 amount of a check or other negotiable  
instrument sent to the consumer in      
violation of this section2 or  7,b7 any 
interest1 fee1 or penalty charged in    
connection with such check or negotiable
 instrument4  7#b7 ,information on      
consumer ,no information relating to the
 liability of a consumer alleged by a   
creditor to have been established       
through a check or other negotiable     
instrument sent by a creditor to the    
consumer in violation of subsection 7b7 
may be reported to or received by any   
consumer reporting agency or included in
 any consumer report 7as those terms are
 defined in section #fjc of the ,fair   
,credit ,reporting ,act 7#ae ,u4,s4,c4  
#afha;a774  7e7 ,regulations ,not later 
than #f months after the date of        
enactment of the ,deceptive ,loan ,check
 ,elimination ,act1 the ,bureau shall   
prescribe final regulations to implement

 this section4  4  7b7 ,clerical        
amendment ,the item relating to section 
#acb in the table of sections for       
chapter #b of the ,consumer ,credit     
,protection ,act is amended to read as  
follows3  #acb4 ,issuance of credit     
cards and unsolicited loan checks4  4   
7c7 ,scope of application ,the          
requirements of this ,act and the       
amendments made by this ,act shall apply
 to solicitations for extensions of     
credit made to consumers after the date 
of enactment of this ,act4