H.R. 5287 · 116th Congress
Fair Student Loan Debt Collection Practices Act
- Stage
- Reported from committee
- Sponsor
- Al Lawson
- Introduced
- 2019-12-03
- Latest action
- 2019-12-19 · Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Summary
Fair Student Loan Debt Collection Practices Act
This bill prohibits a debt collector from collecting on federal student loan debt owed by a borrower earning under a certain income. Specifically, a federal student loan debt collector may not attempt to collect if a borrower would qualify for a zero-dollar payment under an income-driven repayment plan. Additionally, a debt collector may not attempt to collect an amount greater than the payment the borrower would owe under such a plan.