Text: HSB00133                          Text: HSB00135
Text: HSB00100 - HSB00199               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

House Study Bill 134

Bill Text

PAG LIN
  1  1    Section 1.  Section 537.3311, Code 2003, is amended to read
  1  2 as follows:
  1  3    537.3311  DISCRIMINATION PROHIBITED.
  1  4    A creditor shall not refuse to enter into a consumer credit
  1  5 transaction or impose finance charges or other terms or
  1  6 conditions more onerous than those regularly extended by that
  1  7 creditor to consumers of similar economic backgrounds because
  1  8 of the due to any of the following:
  1  9    1.  The age, color, creed, national origin, political
  1 10 affiliation, race, religion, sex, marital status, or
  1 11 disability of the consumer, or because the.
  1 12    2.  The consumer receives public assistance, social
  1 13 security benefits, pension benefits, or the like, or because
  1 14 of the.
  1 15    3.  The exercise by the consumer of rights pursuant to this
  1 16 chapter or other provisions of law the federal Consumer Credit
  1 17 Protection Act, 15 U.S.C. } 1601 et seq.  
  1 18                           EXPLANATION
  1 19    This bill amends Code section 537.3311, part of the Iowa
  1 20 consumer credit code.  Current Code language prohibits a
  1 21 creditor from discriminating against a consumer in a consumer
  1 22 credit transaction based on age, color, national origin, sex,
  1 23 marital status, disability, public source of income, or the
  1 24 exercise of consumer rights under the Iowa consumer credit
  1 25 code or other provisions of law.  The bill replaces the final
  1 26 phrase with a specific reference to the federal Consumer
  1 27 Credit Protection Act, which includes federal consumer laws on
  1 28 such subjects as consumer credit cost disclosures, credit
  1 29 reporting agencies, and debt collection practices, as well as
  1 30 equal credit opportunity provisions prohibiting discrimination
  1 31 in the granting of credit.  
  1 32 LSB 2260HC 80
  1 33 jj/sh/8
     

Text: HSB00133                          Text: HSB00135
Text: HSB00100 - HSB00199               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

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