skip to main content

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


The text of the bill below is as of Nov 8, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 5001

IN THE HOUSE OF REPRESENTATIVES

November 8, 2019

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.

Enforcers 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..