Non-Judicial Foreclosure Debt Collection Clarification Act

Bill: 117-hr-2458
Sponsor: full_name: Rep. Auchincloss, Jake [D-MA-4]
Introduced: 2021-04-13
Policy area: Finance and Financial Sector
Subjects: Consumer credit

Credit and credit markets

Debt collection
Latest action: action_date: 2021-04-13
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2021-04-13
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>

tv_txt: I 117th CONGRESS 1st Session H. R. 2458 IN THE HOUSE OF REPRESENTATIVES April 13, 2021 Mr. Auchincloss 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. 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. .