Currently, if the bank finds that you have defrauded it, the bank can have you prosecuted and you can be fined up to a million dollars. HR166 HR 166 would make it a crime for the bank to deny you a loan that you are qualified to receive. If you receive that loan, you can get your home. You can pay for the car that you would like to have. These are pieces of legislation that have been presented today. (30:33–30:40)
CLAIM
Asserts that HR 166 would criminalize banks denying loans to qualified individuals.
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