3.0.0 6544 2023-01-11T13:43:11Z 2023-01-11T13:43:11Z House HR 2020-04-17 116 [Congressional Record Volume 166, Number 73 (Friday, April 17, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MEEKS:H.R. 6544.Congress has the power to enact this legislation pursuantto the following:Article I[Page H1895]]]> hsba00 Financial Services Committee House Standing Referred to 2020-04-17T15:05:40Z 2020-04-17 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-04-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-04-17 Introduced in House IntroReferral 1000 9 Library of Congress M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 N Finance and Financial Sector Cardiovascular and respiratory health Consumer credit Debt collection Emergency medical services and trauma care Infectious and parasitic diseases Interest, dividends, interest rates Motor vehicles Finance and Financial Sector 00 2020-04-17 Introduced in House 2020-09-16T17:29:38Z Payday and Predatory Loans Moratorium Act of 2020

This bill prohibits for one year efforts by a lender to collect on certain debts owed by a borrower affected by the COVID-19 (i.e., coronavirus disease 2019) pandemic. Specifically, lenders are prohibited from collection efforts against such a borrower with respect to (1) a loan with a nominal interest rate of 36% or more, and (2) a loan which the lender did not determine was affordable while allowing the borrower to meet basic living expenses and major financial obligations.

]]> Payday and Predatory Loans Moratorium Act of 2020 Display Title Payday and Predatory Loans Moratorium Act of 2020 Official Title as Introduced To establish a moratorium on collection efforts made by certain lenders against borrowers affected by coronavirus. Introduced in House IH Short Title(s) as Introduced Payday and Predatory Loans Moratorium Act of 2020 Introduced in House IH Introduced in House 2020-04-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6544ih/xml/BILLS-116hr6544ih.xml 2020-04-17 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.