To prohibit the receipt of advance fees by unregulated loan brokers.
Advance Fee Loan Scam Prevention Act of 1992 - Prohibits the receipt of advance fees by unregulated loan brokers arranging consumer credit for individuals.
Grants the Federal Trade Commission enforcement powers under this Act. Establishes criminal and civil forfeiture penalties for violations of this Act.
Read twice and referred to the Committee on Banking.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the House Committee on Judiciary.
Referred to the Subcommittee on Consumer Affairs and Coinage.
Referred to the Subcommittee on Civil and Constitutional Rights.
Forwarded by Subcommittee to Full Committee (Amended).
Subcommittee Consideration and Mark-up Session Held.
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