summary
Introduced
06/02/2020
06/02/2020
In Committee
06/02/2020
06/02/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation relative to fairness in debt collection, reports recommending that the accompanying bill (Senate, No. 2734) ought to pass.
AI Summary
This bill proposes the "Debt Collection Fairness Act" to provide greater protections for consumers in debt collection proceedings. Key provisions include: 1) exempting a portion of a consumer's earnings from garnishment to satisfy a debt judgment, 2) limiting the statute of limitations for collecting consumer debts to 4 years, 3) prohibiting certain court practices like issuing warrants to compel a consumer's attendance at debt collection hearings, 4) capping interest rates and attorney's fees that can be collected on consumer debts, and 5) allowing consumers who prevail in debt collection actions to recover their own attorney's fees. The bill would take effect on January 1, 2021.
Committee Categories
Budget and Finance
Sponsors (11)
Mike Barrett (D),
Paul Brodeur (D),
Harriette Chandler (D),
Mindy Domb (D),
Jamie Eldridge (D),
Anne Gobi (D),
David LeBoeuf (D),
Elizabeth Malia (D),
Tram Nguyen (D),
Denise Provost (D),
José Tosado (D),
Other Sponsors (1)
Joint Committee on Financial Services (J)
Last Action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 06/02/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/S2734 |
| Bill | https://malegislature.gov/Bills/191/S2734.pdf |
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