Stop Debt Collection Abuse Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Sep 19, 2019)
Stop Debt Collection Abuse Act of 2019
This bill applies certain consumer protections regarding debt collection to debt owed to a federal agency and to debt buyers.
A federal agency that is a creditor may not sell or transfer a debt to a debt collector until 90 days after the obligation arises. Specified notice to the consumer of such a sale or transfer is required.
A collector of debt owed to a federal agency may not collect any interest, fee, charge, or expense that is (1) unreasonable in relation to actual costs, (2) not authorized by a contract between the debt collector and the federal agency, or (3) greater than 10% of the amount collected.
The Government Accountability Office shall report on the use of debt collectors by federal, state, and local government agencies.
What just happenedSep 19, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateSep 19, 2019
- Sep 19, 2019IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Sep 19, 2019IntroReferral10000
Introduced in Senate