summary
Introduced
09/19/2019
09/19/2019
In Committee
09/19/2019
09/19/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to amend the Fair Debt Collection Practices Act to restrict the debt collection practices of certain debt collectors. This bill applies certain consumer protections regarding debt collection to debt owed to a federal agency and to debt buyers. A federal agency that is a creditor may not sell or transfer a debt to a debt collector until 90 days after the obligation arises. Specified notice to the consumer of such a sale or transfer is required. A collector of debt owed to a federal agency may not collect any interest, fee, charge, or expense that is (1) unreasonable in relation to actual costs, (2) not authorized by a contract between the debt collector and the federal agency, or (3) greater than 10% of the amount collected. The Government Accountability Office shall report on the use of debt collectors by federal, state, and local government agencies.
AI Summary
This bill amends the Fair Debt Collection Practices Act to restrict the debt collection practices of certain debt collectors. It applies certain consumer protections regarding debt collection to debt owed to a federal agency and to debt buyers. The bill requires that a federal agency wait at least 90 days before selling or transferring a debt to a debt collector and provides specific notice requirements to the consumer about such a sale or transfer. It also limits the fees and interest that a debt collector can charge when collecting debt owed to a federal agency. Additionally, the bill requires the Government Accountability Office to study and report on the use of debt collectors by federal, state, and local government agencies.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 09/19/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/2516/all-info | 09/20/2019 |
| BillText | https://www.congress.gov/116/bills/s2516/BILLS-116s2516is.pdf | 09/26/2019 |
| Bill | https://www.congress.gov/116/bills/s2516/BILLS-116s2516is.pdf.pdf | 09/26/2019 |
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