Military: Lending Protections.

AI Summary

The bill aims to provide financial protections for military service members by amending the Servicemembers Civil Relief Act. It includes provisions such as capping interest rates on certain loans at 36%, expanding protections for service members against lease terminations, and prohibiting forced arbitration in disputes related to consumer credit agreements. The bill seeks to safeguard military personnel from predatory lending practices and ensure they are not unduly burdened by financial obligations while serving their country.

• 2023-02-15: Read first time. To print.

• 2023-02-16: From printer. May be heard in committee March 18.

• 2023-03-02: Referred to Com. on B. & F.

• 2024-01-03: From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.

• 2024-01-04: Re-referred to Com. on B. & F.

• 2024-01-31: Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

• 2024-02-01: From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.