lender of the borrower being affected by coronavirus, the 
covered lender may not carry out any collection efforts 
against the borrower with respect to a loan described in 
subsection (b). 
(b) LOAN DESCRIBED.—A loan described in this sub-
section is any of the following loans: 
(1) A loan with nominal interest rates of 36 
percent or more. 
(2) A loan by a covered lender described in sub-
section (c)(3)(B) that does not, or did not at the 
time of issuing the loan, determine whether the bor-
rower can afford, while still meeting the basic living 
expenses and major financial obligations of the bor-
rower— 
(A) with respect to payday and auto title 
loans that are due in one lump sum within one 
month of the date of such issuance, the full 
payment of the total loan amount, plus fees and 
finance charges; or 
(B) with respect to longer-term loans with 
a balloon payment, the payments for the month 
with the highest total payments on the loan. 
(c) DEFINITIONS.— 
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(1) AFFECTED
BY
CORONAVIRUS.—The term 
‘‘affected by coronavirus’’ means, with respect to a 
borrower, any of the following circumstances: 
(A) The household income of the borrower 
is reduced by reason of coronavirus disease 
2019 (COVID–19). 
(B) The borrower becomes unemployed by 
reason of such disease. 
(C) The borrower, or a member of the 
household of the borrower, is hospitalized by 
reason of such disease. 
(D) The borrower resides or is employed in 
an area covered by an emergency declared by 
the Federal Government or a State or local gov-
ernment as a result of such disease. 
(2) COLLECTION EFFORTS.—The term ‘‘collec-
tion efforts’’ means any of the following actions, or 
attempted actions, made by a covered lender (or a 
collection agency acting on behalf of the covered 
lender) in order to collect amounts owed to the lend-
er by a borrower: 
(A) Contacting the borrower by telephone, 
including by text message. 
(B) Contacting the employer of the bor-
rower. 
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(C) Cashing post-dated checks of the bor-
rower or making a direct withdrawal from a 
bank account of the borrower. 
(D) Entering into an agreement with a col-
lections agency to collect such amounts. 
(E) Reporting to a credit reporting agency 
any missed payments related to such amounts. 
(F) Any other effort not described in sub-
paragraphs (A) through (E) to enforce the col-
lection of the amounts or the making of pay-
ments related to such amounts. 
(3) COVERED
LENDER.—The term ‘‘covered 
lender’’ means any of the following: 
(A) A payday lender. 
(B) A lender who is not a depository insti-
tution (as defined under section 3 of the Fed-
eral Deposit Insurance Act (12 U.S.C. 1813)) 
or a Federal or State credit union (as such 
terms are defined under section 101 of the Fed-
eral Credit Union Act (12 U.S.C. 1752)). 
Æ 
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