Unsolicited Loan Consumer Protection Act

Unsolicited Loan Consumer Protection Act - Amends the Truth in Lending Act to prohibit a creditor from soliciting a consumer loan through the use of an unsolicited check or other negotiable instrument unless the consumer has initiated a request for an extension of credit before receiving such instrument.

Shields a consumer from liability for any unsolicited check unless the consumer actually receives and negotiates such check. Creates a rebuttable presumption that such unsolicited instrument was neither received nor negotiated by the consumer to whom it was issued.

Prohibits information on any liability pertaining to such unsolicited instrument from being reported to or received by any consumer reporting agency.