,,ii #aaeth ,,congress #b;d ,session ,s4 #cccd ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,august #a1 #bjah ,mr4 ,nelson introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to amend section #ihg of title #aj1 ,united ,states ,code1 to expand and improve consumer credit protections for members of the ,armed ,forces and their dependents1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,military ,lending ,improvement ,act of #bjah4 #b4 ,expansion and improvement of consumer credit protections for members of the ,armed ,forces 7a7 ,extension of applicability to individuals recently discharged or released from the ,armed ,forces ,paragraph 7#a7 of subsection 7i7 of section #ihg of title #aj1 ,united ,states ,code1 is amended to read as follows3 7#a7 ,covered member ,the term covered member means the following3 7,a7 ,a member of the armed forces who is-- 7i7 on active duty under a call or order that does not specify a period of #cj days or less2 or 7ii7 on active ,guard and ,reserve duty4 7,b7 ,an individual who was separated1 discharged1 or released from duty described in subparagraph 7,a71 but only during the #cfe-;day period beginning on the date of separation1 discharge1 or release4 4 7b7 ,decrease in maximum authorized annual percentage rate on credit 7#a7 ,decrease in rate ,subsection 7b7 of such section is amended by striking #cf percent and inserting #bd percent4 7#b7 ,effective date ,the amendment made by paragraph 7#a7 shall take effect on the date that is #ahj days after the date of the enactment of this ,act1 and shall apply with respect to consumer credit extended on or after such effective date4 7c7 ,prohibition on creditor use of auto tracking or kill switches ,subsection 7e7 of such section is amended-- 7#a7 in paragraph 7#f71 by striking or at the end2 7#b7 in paragraph 7#g71 by striking the period at the end and inserting 2 or2 and 7#c7 by adding at the end the following new paragraph3 7#h7 the creditor demands1 as a condition for the credit1 the application of-- 7,a7 a device that can locate or adjust the operations of the borrower's motor vehicle by a third party2 or 7,b7 any other device or instrument that may pose a safety hazard or compromise the borrower's privacy1 as determined by the ,secretary of ,defense1 in consultation with the ,federal ,trade ,commission4 4 7d7 ,extension of coverage to credit for cars and other personal property 7#a7 ,coverage ,subsection 7i77#f7 of such section is amended by striking 7,a7 a residential mortgage and all that follows and inserting a residential mortgage44 7#b7 ,effective date ,the amendment made by paragraph 7#a7 shall take effect on the date that is #ahj days after the date of the enactment of this ,act1 and shall apply with respect to consumer credit extended on or after such effective date4 7e7 ,regulations ,the ,secretary of ,defense shall modify the regulations prescribed to carry out section #ihg of title #aj1 ,united ,states ,code1 to take into account the amendments made by subsections 7a7 through 7d7 by not later than #ahj days after the date of the enactment of this ,act4 #c4 ,enhanced protection against debt collector harassment of members of the ,armed ,forces 7a7 ,communication in connection with debt collection ,section #hje of the ,fair ,debt ,collection ,practices ,act 7#ae ,u4,s4,c4 #afib;c7 is amended by adding at the end the following3 7e7 ,communications concerning servicemember debts 7#a7 ,definition ,in this subsection1 the term covered member has the meaning given the term in section #ihg7;i7 of title #aj1 ,united ,states ,code4 7#b7 ,prohibition ,a debt collector may not communicate1 in connection with the collection of any debt1 with the commanding officer or officer in charge of any covered member1 including for the purpose of acquiring location information about the covered member4 4 7b7 ,false or misleading representations ,section #hjg of the ,fair ,debt ,collection ,practices ,act 7#ae ,u4,s4,c4 #afib;e7 is amended by adding at the end the following3 7#ag7 ,the false representation to any covered member1 as defined in section #ihg7;i7 of title #aj1 ,united ,states ,code1 that failure to cooperate with a debt collection will result in prosecution under chapter #dg of title #aj1 ,united ,states ,code 7the ,uniform ,code of ,military ,justice74 4 #d4 ,data protection standards for credit reporting agencies that use ,department of ,defense personnel data 7a7 ,determination on adequacy of data protection standards ,not later than one year after the date of the enactment of this ,act1 the ,secretary of ,defense shall1 in consultation with the ,federal ,trade ,commission1 determine whether or not each entity that downloads ,military ,lender ,act bulk data from the ,defense ,manpower ,data ,center uses adequate safeguards to protect the downloaded data against breach or other potential misuse4 ,the ,secretary shall make the determination using a study of the practices of such entities conducted by the ,secretary for purposes of this subsection4 7b7 ,termination of access to bulk data ,if pursuant to subsection 7a71 the ,secretary determines that the safeguards of an entity described in that subsection are not adequate as described in that subsection1 the ,secretary shall terminate the access of the entity to bulk data described in that subsection by not later than #cj days after the date of the determination4 7c7 ,restoration of access to bulk data ,if access of an entity to bulk data is terminated pursuant to subsection 7b71 the ,secretary may subsequently restore access of the entity to bulk data if the ,secretary determines that the entity has taken remedial measures to ensure that any data downloaded from such bulk data is adequately protected against breach or other potential misuse4