H.R. 5001 · 116th Congress
Non-Judicial Foreclosure Debt Collection Clarification Act
- Stage
- Reported from committee
- Sponsor
- Wm. Clay
- Introduced
- 2019-11-08
- Latest action
- 2020-12-10 · Reported (Amended) by the Committee on Financial Services. H. Rept. 116-638.
Summary
Non-Judicial Foreclosure Debt Collection Clarification Act
This bill applies requirements for debt collectors to businesses engaged in nonjudicial foreclosures (i.e., the enforcement of security interests). These requirements include debt verification and prohibitions on the means of debt collection.