HR 864 · 115th Congress · Finance and Financial Sector
Stop Debt Collection Abuse Act of 2017
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.(2017-07-12)
Plain Language Summary
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Stop Debt Collection Abuse Act of 2017 This bill amends the Fair Debt Collection Practices Act to apply that Act's restrictions to collectors of debt owed to a federal agency. A federal agency that is a creditor may not sell or transfer a debt to a debt collector until 90 days after the obligation becomes delinquent or defaults. 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 study and report to Congress on the use of debt collectors by federal, state, and local government agencies.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
2 Democrats1 Republican