To prohibit confessions of judgment in connection with the extension of covered credit or creation of covered debt, and for other purposes.

3.0.0 6795 2023-01-11T13:42:57Z 2023-01-11T13:42:57Z House HR 2020-05-08 116 [Congressional Record Volume 166, Number 87 (Friday, May 8, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. VELAZQUEZ:H.R. 6795.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1The Congress shall have Power to . . . provide for the . .. general Welfare of the United States; . . .[Page H1987]]]> hsba00 Financial Services Committee House Standing Referred to 2020-05-08T14:03:50Z 2020-05-08 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-05-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-05-08 Introduced in House IntroReferral 1000 9 Library of Congress V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 N W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 2020-05-08 True Finance and Financial Sector Cardiovascular and respiratory health Civil actions and liability Consumer credit Credit and credit markets Debt collection Emergency medical services and trauma care Infectious and parasitic diseases Finance and Financial Sector

00 2020-05-08 Introduced in House 2020-09-29T15:35:04Z This bill prohibits a confession of judgment or similar agreement as a condition to a loan or extension of credit of $2 million or less during the COVID-19 (i.e., coronavirus disease 2019) emergency period and for 120 days following. (A confession of judgment is an agreement to a judgment of liability without notice and opportunity to be heard in court in the event of the default of a borrower.)

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To prohibit confessions of judgment in connection with the extension of covered credit or creation of covered debt, and for other purposes. Display Title To prohibit confessions of judgment in connection with the extension of covered credit or creation of covered debt, and for other purposes. Official Title as Introduced To prohibit confessions of judgment in connection with the extension of covered credit or creation of covered debt, and for other purposes. Introduced in House IH Introduced in House 2020-05-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6795ih/xml/BILLS-116hr6795ih.xml 2020-05-08 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.