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CONTENTS

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H.R. 19740 (McMillan), to authorize banks, savings and loan associa-
tions, and other regulated lenders in the District of Columbia to charge
or deduct interest in advance on loans to be repaid in installments----
D.C. Code, pertinent sections:

Title 26, ch. 6, Money Lenders Licenses__.
Title 28, ch. 33, Interest and Usury..........

STATEMENTS

Comptroller of the Currency, Robert Bloom, Chief Counsel for____
D.C. Bankers Association:

Gunther, Frank A., Chairman, Law and Legislative Committee, and
President, Security Bank.

Jennings, Lewellyn A., Vice Chairman, Law and Legislative Commit-
tee, and Chairman, Riggs National Bank...

D.C. Government, Thomas F. Moyer, Assistant Corporation Counsel..

MATERIAL SUBMITTED FOR THE RECORD

Comptroller of the Currency, Hon. William B. Camp, letter to Frank A.
Gunther, dated Aug. 8, 1968, on the proposed legislation_ - -
D.C. Bankers Association, James Rogers, General Counsel, Opinion as to
legality of deducting interest in advance on installment loans.
D.C. Government, Thomas W. Fletcher, Assistant to the Commissioner,
letter to Chairman McMillan, dated Oct. 4, 1968, reporting favorably
on H.R. 19740___.

APPENDIX

22

22

3

3

21

21

Interest and Usury Statutes in the various States__
Installment Loan Laws in the various States__.

27-32

33-57

Truth in Lending Act:

Conference report on S. 5, May 20, 1968, H. Rept. 1397, reprint of
Statement of Managers thereof__.

80-88

Reprint of Public Law 90-321, being S. 5, approved May 29, 1968

58-79

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COMMITTEE ON

THE DISTRICT OF COLUMBIA
HOUSE OF REPRESENTATIVES

NINETIETH CONGRESS

SECOND SESSION

ON

H.R. 19740

TO AUTHORIZE BANKS, SAVINGS AND LOAN ASSOCIATIONS,
AND OTHER REGULATED LENDERS IN THE DISTRICT OF
COLUMBIA TO CHARGE OR DEDUCT INTEREST IN ADVANCE
ON LOANS TO BE REPAID IN INSTALLMENTS

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