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Bankruptcy
Abuse Prevention and Consumer Protection Act of 2005, Pub. L. No. 109-8 enacted
April 20, 2005 effective October 17, 2005. The Bankruptcy
Abuse Prevention and Consumer Protection Act of 2005 addresses many areas of
bankruptcy practice, including consumer bankruptcy, general and small business
bankruptcy, treatment of tax claims in bankruptcy, ancillary and cross-border
cases, financial contract protection amendments to chapter 12 governing family
farmer reorganization, and special protection for patients of a health care
business filing for bankruptcy. These reports summarize the provisions of the
Act.
Summary of Bankruptcy Abuse and Consumer Protection Act of 2005,
OCC Summary
.
Check
Clearing for the 21st Century Act, Pub. L. No.
108-100, enacted October 28, 2003, effective October 28,
2004. The
"Check 21 Act" enables banks to lawfully convert paper checks to purely
electronic formats (which can be processed, stored, and transported more
efficiently) and to generate substitute paper checks in lieu of the original
when requested by customers or other banks. It
also imposes new requirements on all banks (even those that do not engage in
check truncation). Summary
of Check Clearing for the 21st Century Act.
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