,,ii  #aai? ,,congress  #a/ ,session    
,s4 #cha  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #d1 #bjbe,mr4 
,s&]s 7= himself & ,mr4 ,hawley7        
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
 cap cr$it c>d int]e/ rates at #aj      
p]c5t4  #a4 ,%ort title ,?is ,act may be
 cit$ z ! #aj ,p]c5t ,cr$it ,c>d ,int]e/
 ,rate ,cap ,act4  #b4 ,cap on cr$it c>d
 int]e/ rates  7a7 ,9 g5]al ,section    
#ajg ( ! ,tru? 9 ,l5d+ ,act 7#ae        
,u4,s4,c4 #afjf7 is am5d$ by add+ at !  
end ! foll[+3  7f7 7#a7 ,! annual       
p]c5tage rate applicable to an ext5sion 
( cr$it obta9$ by use ( a cr$it c>d may 
n exce$ #aj p]c5tage po9ts1 inclusive ( 
all f9ance *>ges4  7#b7 ,any fees t are 
n consid]$ f9ance *>ges "u section      
#ajf7;a7 may n be us$ to evade !        
limitations ( p>agraph 7#a71 & ! total  
sum ( su* fees may n exce$ ! total am\nt
 ( f9ance *>ges assess$4  7#c7 ,! tak+1 

receiv+1 res]v+1 or *>g+ ( a cr$it c>d  
annual p]c5tage rate or fee great] ?an t
 p]mitt$ "u ?is subsection1 :5 kn[+ly   
done1 %all be deem$ a violation ( ?is   
title1 & a =feiture ( ! entire int]e/   
:i* ! note1 bill1 or o!r evid5ce ( !    
obligation c>ries ) x1 or :i* has be5   
agre$ to be paid !reon4  7#d7 ,if a     
cr$it c>d annual p]c5tage rate or fee   
great] ?an t p]mitt$ "u ?is subsection  
has be5 paid1 ! p]son by :om x has be5  
paid1 or ! legal repres5tative !re(1    
may1 by br++ an action n lat] ?an #b    
ye>s aft] ! date on :i* ! usuri\s       
collection 0 la/ made1 recov] back f !  
l5d] 9 an action 9 ! nature ( an action 
( debt1 ! entire am\nt ( int]e/1 f9ance 
*>ges1 or fees paid4  7#e7 ,any cr$itor 
:o violates ?is subsection %all be      
subject to ! provisions ( section #acj4 
7g7 ,no?+ 9 ?is section may be con/ru$  
to preempt any provision ( ,/ate law t  
provides great] protection to consum]s  
?an is provid$ "u ?is section4  4  7b7  
,te*nical & con=m+ am5dm5t ,section     

#acj7;a7 ( ! ,tru? 9 ,l5d+ ,act 7#ae    
,u4,s4,c4 #afdj7;a77 is am5d$1 9 ! matt]
 prec$+ p>agraph 7#a71 by ins]t+ section
 #ajg7;f71 be=e ?is *apt]4  7c7 ,sunset 
7#a7 ,9 g5]al ,! ,tru? 9 ,l5d+ ,act 7#ae
 ,u4,s4,c4 #afja et seq47 is am5d$--    
7,a7 9 section #ajg 7#ae ,u4,s4,c4      
#afjf71 by /rik+ subsections 7f7 & 7g72 
&  7,b7 9 section #acj7;a7 7#ae         
,u4,s4,c4 #afdj7;a771 9 ! matt] prec$+  
p>agraph 7#a71 by /rik+ section         
#ajg7;f714  7#b7 ,effective date ,!     
am5dm5ts made by p>agraph 7#a7 %all take
 effect on ,janu>y #a1 #bjca4