Non-Judicial Foreclosure Debt Collection Clarification Act

Bill: 116-hr-5001
Sponsor: full_name: Rep. Clay, Wm. Lacy [D-MO-1]
Introduced: 2019-11-08
Policy area: Finance and Financial Sector
Subjects: Credit and credit markets

Debt collection

Judicial review and appeals
Latest action: action_date: 2020-12-10
text: Placed on the Union Calendar, Calendar No. 523.

Summaries:
action_date: 2019-11-08
action_desc: Introduced in House
text: <p><b>Non-Judicial Foreclosure Debt Collection Clarification Act </b></p> <p>This bill applies requirements for debt collectors to businesses engaged in nonjudicial foreclosures (i.e., the enforcement of security interests). These requirements include debt verification and prohibitions on the means of debt collection. </p>

action_date: 2020-12-10
action_desc: Reported to House
text: <p><b>Non-Judicial Foreclosure Debt Collection Clarification Act </b></p> <p>This bill applies requirements for debt collectors to businesses engaged in nonjudicial foreclosures (i.e., the enforcement of security interests). These requirements include debt verification and prohibitions on the means of debt collection. </p>

tv_txt: I 116th CONGRESS 1st Session H. R. 5001 IN THE HOUSE OF REPRESENTATIVES November 8, 2019 Mr. Clay introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Fair Debt Collection Practices Act to clarify that the definition of a debt collector includes, in all cases, a person in a business the principal purpose of which is the enforcement of security interests.

1. Short title This Act may be cited as the Non-Judicial Foreclosure Debt Collection Clarification Act . 2. Enforcers of security interests Section 803(6) of the Fair Debt Collection Practices Act ( 15 U.S.C. 1692a(6) ) is amended by striking For the purpose of section 808(6), such term also includes any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the enforcement of security interests. .

tv_txt: IB Union Calendar No. 523 116th CONGRESS 2d Session H. R. 5001 [Report No. 116–638] IN THE HOUSE OF REPRESENTATIVES November 8, 2019 Mr. Clay introduced the following bill; which was referred to the Committee on Financial Services December 10, 2020 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on November 8, 2019 A BILL To amend the Fair Debt Collection Practices Act to clarify that the definition of a debt collector includes, in all cases, a person in a business the principal purpose of which is the enforcement of security interests.

1. Short title This Act may be cited as the Non-Judicial Foreclosure Debt Collection Clarification Act . 2. Enforcement of security interests Section 803(6) of the Fair Debt Collection Practices Act ( 15 U.S.C. 1692a(6) ) is amended by striking For the purpose of section 808(6), such term also includes any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the enforcement of security interests. .

December 10, 2020 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed