H. R. 5001
IN THE HOUSE OF REPRESENTATIVES
November 8, 2019
Mr. Clay introduced the following bill; which was referred to the Committee on Financial Services
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.
This Act may be cited as the
Non-Judicial Foreclosure Debt Collection Clarification Act.
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..