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US HR2135

US HR2135
Fair Debt Collection Improvement Act


summary

Introduced
03/23/2021
In Committee
03/23/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Fair Debt Collection Practices Act to prohibit debt collectors from collecting, or attempting to collect, on a debt of a consumer with respect to which the statute of limitations has expired, and for other purposes.

AI Summary

This bill, the Fair Debt Collection Improvement Act, amends the Fair Debt Collection Practices Act to prohibit debt collectors from collecting or attempting to collect on debts for which the statute of limitations has expired. In other words, this bill aims to prevent debt collectors from pursuing old, time-barred debts that consumers are no longer legally required to pay. The bill adds a new section to the existing law that explicitly prohibits this practice, providing additional protection for consumers.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Referred to the House Committee on Financial Services. (on 03/23/2021)

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