Non-Judicial Foreclosure Debt Collection Clarification Act

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.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5001 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 5001

  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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 8, 2019

   Mr. Clay 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Non-Judicial Foreclosure Debt 
Collection Clarification Act''.

SEC. 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.''.
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