,,ib ,union ,calendar ,no4 #ccf #aafth  
,,congress  #b;d ,session  ,h4 ,r4 #cdij
 ,report ,no4 #aaf-dag ,,in ,,the       
,,house ,,of ,,representatives  ,june   
#be1 #bjai,ms4 ,velzquez 7for herself1  
,mr4 ,marshall1 and ,mr4 ,schneider7    
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,march #ai1       
#bjbj,reported with an amendment2       
committed to the ,committee of the      
,whole ,house on the ,state of the      
,union and ordered to be printed,strike 
out all after the enacting clause and   
insert the part printed in italic,for   
text of introduced bill1 see copy of    
bill as introduced on ,june #be1 #bjai  
,a ,,bill  ,to amend the ,truth in      
,lending ,act to prohibit certain unfair
 credit practices1 and for other        
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,small ,business    
,lending ,fairness ,act4  #b4 ,obligor  
transactions  7a7 ,in general ,chapter  
#b of the ,truth in ,lending ,act 7#ae  

,u4,s4,c4 #afca et seq47 is amended by  
adding at the end the following3        
#adj;,b4 ,unfair credit practices  7a7  
,in general ,in connection with the     
extension of credit or creation of debt 
in or affecting commerce1 as defined in 
section #d of the ,federal ,trade       
,commission ,act 7#ae ,u4,s4,c4 #dd71   
including any advance of funds or sale  
or assignment of future income or       
receivables that may or may not be      
credit1 no person may directly or       
indirectly take or receive from another 
person an obligation that constitutes or
 contains a cognovit or confession of   
judgment 7for purposes other than       
executory process in the ,state of      
,louisiana71 warrant of attorney1 or    
other waiver of the right to notice and 
the opportunity to be heard in the event
 of suit or process thereon4  7b7       
,exemption ,the exemption in section    
#ajd7a7 shall not apply to this section4
  4  7b7 ,technical and conforming      
amendments  7#a7 ,section #ajc of the   

,truth in ,lending ,act 7#ae ,u4,s4,c4  
#afjb7 is amended by adding at the end  
the following3  7ff7 ,the term debt     
means any obligation of a person to pay 
to another person money-- 7#a7          
regardless of whether such obligation is
 absolute or contingent if the          
understanding between the parties is    
that any part of the money shall be or  
may be returned2  7#b7 that includes the
 right of the person providing the money
 to an equitable remedy for breach of   
performance if the breach gives rise to 
a right to payment2 and  7#c7 regardless
 of whether the obligation or right to  
an equitable remedy described in        
paragraph 7#b7 has been reduced to      
judgment1 fixed1 contingent1 matured1   
unmatured1 disputed1 undisputed1        
secured1 or unsecured4  4  7#b7 ,section
 #acj7;a7 of the ,truth in ,lending ,act
 7#ae ,u4,s4,c4 #afdj7 is amended by    
striking creditor each place the term   
appears and inserting person4  7#c7 ,the
 table of sections in chapter #b of the 

,truth in ,lending ,act 7#ae ,u4,s4,c4  
#afca et seq47 is amended by adding at  
the end the following3  #adj;,b4 ,unfair
 credit practices4  4  ,march #ai1      
#bjbj,reported with an amendment2       
committed to the ,committee of the      
,whole ,house on the ,state of the      
,union and ordered to be printed