Sec. 204. Amendments to the Equal Credit Opportunity Act
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Section 706 of the Equal Credit Opportunity Act ( 15 U.S.C. 1691e ) is amended— in subsection (b)— by striking $10,000 and inserting $60,000 ; and by striking 500,000 or 1 and inserting $5,000,000 or 5 ; by adding at the end the following: On April 1, 2022, and each April 1 thereafter, each dollar amount in effect under subsection
(b)on the day before such April 1 shall be adjusted— to reflect the change in the Consumer Price Index for All Urban Consumers, published by the Department of Labor, for the most recent period ending immediately before January 1 preceding such April 1; and to round to the nearest $25 the dollar amount that represents the change described in paragraph (1). .
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Sec. 204
Amendments to the Equal Credit Opportunity Act
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