H.R.2859 - Servicemembers Interest Rate Relief Act of 2005

To amend the Servicemembers Civil Relief Act to provide improved interest rate relief for servicemembers during periods of military service. view all titles (2)

All Bill Titles

  • Short: Servicemembers Interest Rate Relief Act of 2005 as introduced.
  • Official: To amend the Servicemembers Civil Relief Act to provide improved interest rate relief for servicemembers during periods of military service. as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 1
  • Past Seven Days: 2
  • All-Time: 278
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
06/09/05
 
 
 
 
 
 
 

Official Summary

Servicemembers Interest Rate Relief Act of 2005 - Amends the Servicemembers' Civil Relief Act to revise the six percent maximum annual interest rate to be charged on debts incurred by a servicemember, and his or her spouse jointly, before the servicemember enters into military service

Official Summary

Servicemembers Interest Rate Relief Act of 2005 - Amends the Servicemembers' Civil Relief Act to revise the six percent maximum annual interest rate to be charged on debts incurred by a servicemember, and his or her spouse jointly, before the servicemember enters into military service and continuing for the duration of such military service, to the lesser of:
(1) six percent per year; or
(2) the annual rate of interest that would otherwise apply, reduced by one percentage point (but not below zero).

...Read the Rest




Vote on This Bill

-% Users Support Bill

0 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC