HR 5001 · 116th Congress · Finance and Financial Sector

Non-Judicial Foreclosure Debt Collection Clarification Act

Introduced 2019-11-08· Sponsored by Rep. Clay, Wm. Lacy [D-MO-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 523.(2020-12-10)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 5001, Non-Judicial Foreclosure Debt Collection Clarification Act

Apr 22, 2020

As ordered reported by the House Committee on Financial Services on November 14, 2019

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office