,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #cjcf  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #ab1 #bjai,mr4
 ,jones 7= himself1 ,mr4 ,cotton1 & ,mr4
 ,m]kley7 introduc$ ! foll[+ bill2 :i* 0
 read twice & ref]r$ to ! ,committee on 
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,tru? 9 ,l5d+ ,act to
 prohibit ! di/ribution ( any *eck or   
o!r negotiable in/rum5t z "p ( a        
solicitation by a cr$itor = an ext5sion 
( cr$it1 to limit ! liability ( consum]s
 9 conjunction ) su* solicitations1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,unsolicit$ ,loan ,act 
( #bjai4  #b4 ,unsolicit$ loan *ecks    
prohibit$  7a7 ,9 g5]al ,section #acb ( 
! ,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4     
#afdb7 is am5d$-- 7#a7 by /rik+ !       
section head+ & ins]t+ ,unsolicit$      
cr$it2  7#b7 by ins]t+ 7a7 ,cr$it       
c>ds4-- be=e ,no cr$it2 &  7#c7 by add+ 
at ! end ! foll[+3  7b7 ,unsolicit$ loan
 *ecks or transf]s ,no p]son may ext5d  
any consum] cr$it t is o!rwise subject  

to ?is title by-- 7#a7 mak+ an          
unsolicit$ transf] ( funds to !         
consum]'s cr$it or asset acc\nt2 or     
7#b7 ?r\gh ! consum]'s use ( an         
unsolicit$ *eck1 o!r negotiable         
in/rum5t1 access device or o!r means (  
initiat+ an electronic fund transf] z   
def9$ 9 section #ijc ( ! ,electronic    
,fund ,transf] ,act 7#ae ,u4,s4,c4      
#afic;a71 or su* o!r simil> in/rum5t or 
device z ! ,bureau may1 by rule1        
det]m9e1 t is s5t to ! consum] unless ! 
consum] submitt$ a writt5 application =1
 or o!rwise reque/$ 9 writ+1 ! ext5sion 
( cr$it be=e ! date on :i* ! cr$itor s5t
 ! *eck1 negotiable in/rum5t1 access    
device or o!r simil> in/rum5t or device4
  7c7 ,look-,alike *ecks ,a c]tificate1 
v\*]1 or o!r nonnegotiable in/rum5t     
provid$ to a consum] 9 connection ) a   
solicitation = an ext5sion ( cr$it t has
 ! appe>ance ( a *eck or o!r negotiable 
in/rum5t is n an application or reque/ =
 an ext5sion ( cr$it = purposes ( ?is   
section4  7d7 ,liability ( consum]  7#a7

 ,def9itions ,9 ?is subsection1 ! t]ms  
consum]1 consum] report+ ag5cy1 &       
consum] report h ! mean+s giv5 ! t]ms 9 
section #fjc ( ! ,fair ,cr$it ,report+  
,act 7#ae ,u4,s4,c4 #afha;a74  7#b7     
,agreem5t void ,any purport$ cr$it      
agreem5t ent]$ into or debt purport$ly  
incurr$ z a result ( a violation (      
subsection 7a7 or 7b7 is void & !       
consum] or c>dhold] %all n be liable = &
 no p]son %all attempt to collect--     
7,a7 ! pr9cipal am\nt s5t or transf]r$  
to ! consum] 9 violation ( ?is section2 
or  7,b7 any int]e/1 *>ge1 fee1 or      
p5alty4  7#c7 ,consum] report+ ,no      
in=mation relat+ to ! liability ( a     
consum] alleg$ by a cr$itor to h be5    
e/abli%$ 9 violation ( subsection 7a7 or
 7b7 may be report$ to or receiv$ by any
 consum] report+ ag5cy or includ$ 9 any 
consum] report4  7e7 ,regulations ,n    
lat] ?an #ahj days aft] ! date (        
enactm5t ( ?is subsection1 ! ,bureau    
%all prescribe f9al regulations to      
implem5t ?is section4  4  7b7 ,cl]ical  

am5dm5t ,! item relat+ to section #acb 9
 ! table ( sections = *apt] #b ( !      
,consum] ,cr$it ,protection ,act is     
am5d$ to read z foll[s3 #acb4           
,unsolicit$ cr$it44  7c7 ,effective date
 ,! requirem5ts ( ?is ,act & ! am5dm5ts 
made by ?is ,act %all apply to          
solicitations = ext5sions ( cr$it made  
to consum]s #ahj days aft] ! date (     
enactm5t ( ?is ,act4