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Code · BILL · 113th Congress · S. 673 (Introduced in Senate) — To amend the Truth in Lending Act to establish a national usury rate for consumer credit transactions. · Sec. 4

Sec. 4. Disclosure of fee and interest rate for open end credit plans

48 words·~1 min read·/bill/113/s/673/is/section-4

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Section 127(b)(6) of the Truth in Lending Act ( 15 U.S.C. 1637(b)(6) ) is amended by striking the total finance charge expressed and all that follows through the end of the paragraph and inserting the fee and interest rate, displayed as . FAIR , established under section 141.
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Sec. 4
Disclosure of fee and interest rate for open end credit plans
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