HB1806
Type: B Origin: House USA Comments: 0

Small Lender Act Small Lenders Exempt From New Data And Excessive Reporting Act

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The Small LENDER Act aims to exempt small lenders from certain new data collection requirements and excessive reporting regulations. This bill seeks to reduce the regulatory burden on small lenders by providing them relief from extensive reporting obligations, allowing them to focus more on their core operations. The main provisions include exemptions for qualifying small lenders from specific data collection and reporting mandates, ultimately aiming to support these smaller financial institutions in serving their customers more efficiently.

Bill Activity

  • 2023-03-27: Introduced in House

  • 2023-03-27: Referred to the House Committee on Financial Services.

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