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H.R. 5001 (116th): Non-Judicial Foreclosure Debt Collection Clarification Act


The text of the bill below is as of Dec 10, 2020 (Reported by House Committee). The bill was not enacted into law.


IB

Union Calendar No. 523

116th CONGRESS

2d Session

H. R. 5001

[Report No. 116–638]

IN THE HOUSE OF REPRESENTATIVES

November 8, 2019

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