,,ib ,union ,cal5d> ,no4 #ech #aaf? ,,congress #b;d ,session ,h4 ,r4 #ddjc ,report ,no4 #aaf-fed ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #ai1 #bjai,mr4 ,cleav] 7= himself & ,mr4 ,hill ( ,arkansas7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,decemb] #ae1 #bjbj,report$ ) an am5dm5t1 committ$ to ! ,committee ( ! ,:ole ,h\se on ! ,/ate ( ! ,union1 & ord]$ to be printed,strike out all aft] ! enact+ clause & ins]t ! "p pr9t$ 9 italic,for text ( introduc$ bill1 see copy ( bill z introduc$ on ,septemb] #ai1 #bjai ,a ,,bill ,to am5d ! ,fair ,debt ,collection ,practices ,act to re/rict ! debt collection practices ( c]ta9 debt collectors4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/op ,debt ,collection ,abuse ,act ( #bjai4 #b4 ,def9itions ,section #hjc ( ! ,fair ,debt ,collection ,practices ,act 7#ae ,u4,s4,c4 #afib;a7 is am5d$-- 7#a7 9 p>agraph 7#d71 by /rik+ facilitat+ collection ( su* debt = ano!r & ins]t+ collection ( su* debt2 7#b7 by am5d+ p>agraph 7#e7 to read z foll[s3 7#e7 ,! t]m debt means-- 7,a7 any obligation or alleg$ obligation ( a consum] to pay money aris+ out ( a transaction 9 :i* ! money1 prop]ty1 insurance1 or s]vices :i* are ! subject ( ! transaction are prim>ily = p]sonal1 family1 or h\sehold purposes1 :e!r or n su* obligation has be5 r$uc$ to judgm5t2 or 7,b7 any obligation or alleg$ obligation ( a consum]-- 7i7 to pay a loan1 an ov]paym5t1 a f9e1 a p5alty1 a fee1 or o!r money curr5tly or orig9ally ow$ to a ,f$]al ag5cy2 & 7ii7 t is n less ?an #ahj days pa/ due4 2 & 7#c7 9 p>agraph 7#f7-- 7,a7 by /rik+ ! fir/ s5t5ce & ins]t+ ! foll[+3 ,! t]m debt collector means any p]son :o uses any in/rum5tality ( int]/ate comm]ce or ! mails 9 any bus9ess ! pr9cipal purpose ( :i* is ! collection ( any debts2 :o regul>ly collects or attempts to collect1 directly or indirectly1 by ! p]son's own means or by hir+ ano!r debt collector1 debts ow$ or due or ass]t$ to be ow$ or due ano!r or t h be5 obta9$ by assignm5t or transf] f ano!r2 or :o regul>ly collects debts curr5tly or orig9ally ow$ or alleg$ly ow$ to a ,f$]al ag5cy42 & 7,b7 9 subp>agraph 7,f71 by ins]t+ or t has be5 obta9$ by assignm5t or transf] f ano!r aft] ow$ or due ano!r4 #c4 ,debt collection practices = debt collectors hir$ by gov]nm5t ag5cies 7a7 ,9 g5]al ,! ,fair ,debt ,collection ,practices ,act 7#ae ,u4,s4,c4 #afib et seq47 is am5d$ by ins]t+ aft] section #hab 7#ae ,u4,s4,c4 #afib;j7 ! foll[+3 #hab;,a4 ,debt collection practices = debt collectors hir$ by ,f$]al ag5cies 7a7 ,limitation on "t ,to turn debt ov] to debt collector ,a ,f$]al ag5cy t is a cr$itor may sell or transf] a debt describ$ 9 section #hjc7e77;,b7 to a debt collector n e>li] ?an #ij days aft] ! date on :i* ! obligation or alleg$ obligation becomes del9qu5t or defaults4 7b7 ,requir$ notice 7#a7 ,9 g5]al ,be=e transf]r+ or sell+ a debt describ$ 9 section #hjc7e77;,b7 to a debt collector or contract+ ) a debt collector to collect su* a debt1 a ,f$]al ag5cy %all notify ! consum] n few] ?an #c times t ! ,f$]al ag5cy w take su* action4 7#b7 ,frequ5cy ( notifications ,! second & ?ird notifications describ$ 9 p>agraph 7#a7 %all be made n less ?an #cj days aft] ! date on :i* ! previ\s notification is made4 4 7b7 ,cl]ical am5dm5t ,! table ( cont5ts = ! ,fair ,debt ,collection ,practices ,act is am5d$ by ins]t+ aft] ! item relat+ to section #hab ! foll[+3 #hab;,a4 ,debt collection practices = debt collectors hir$ by ,f$]al ag5cies4 4 #d4 ,unfair practices ,section #hjh ( ! ,fair ,debt ,collection ,practices ,act 7#ae ,u4,s4,c4 #afib;f7 is am5d$ by /rik+ p>agraph 7#a7 & ins]t+ ! foll[+3 7#a7 ,! collection ( any am\nt 7includ+ any int]e/1 fee1 *>ge1 or exp5se incid5tal to ! pr9cipal obligation7 unless-- 7,a7 su* am\nt is expressly au?oriz$ by ! agreem5t creat+ ! debt or p]mitt$ by law2 & 7,b7 9 ! case ( any am\nt *>g$ by a debt collector collect+ a debt describ$ 9 section #hjc7e77;,b71 su* am\nt is-- 7i7 reasonable 9 relation to ! actual co/s ( ! collection2 7ii7 au?oriz$ by a contract betwe5 ! debt collector & ! ,f$]al ag5cy2 & 7iii7 n great] ?an #aj p]c5t ( ! am\nt collect$ by ! debt collector4 4 #e4 ,gov]nm5t ,acc\ntability ,(fice /udy & report 7a7 ,/udy ,! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all comm5ce a /udy on ! use ( debt collectors by ,/ate & local gov]nm5t ag5cies1 includ+-- 7#a7 ! p[]s giv5 to ! debt collectors by ,f$]al1 ,/ate1 & local gov]nm5t ag5cies2 7#b7 ! contract+ process t all[s a ,f$]al1 ,/ate1 or local gov]nm5t ag5cy to aw>d debt collection to a c]ta9 company1 includ+ ! selection process2 7#c7 any fees *>g$ to debtors 9 addition to pr9cipal & int]e/ on ! out/&+ debt2 7#d7 h[ ! fees describ$ 9 p>agraph 7#c7 v>y f ,/ate to ,/ate2 7#e7 consum] protection at ! ,/ate level t (f] rec\rse to ^? :om debts h be5 wrongfully attribut$2 7#f7 ! rev5ues receiv$ by debt collectors f ,f$]al1 ,/ate1 & local gov]nm5t ag5cies2 7#g7 ! am\nt ( any rev5ue %>+ agreem5ts betwe5 debt collectors & ,f$]al1 ,/ate1 & local gov]nm5t ag5cies2 7#h7 ! diff]5ce 9 debt collection proc$ures across geographic regions1 includ+ ! ext5t to :i* debt collectors pursue c\rt judgm5ts to collect debts2 & 7#i7 any legal immunity or o!r protections giv5 to ! debt collectors hir$ by ,/ate & local gov]nm5t ag5cies1 includ+ :e!r ! debt collectors are subject to ! ,fair ,debt ,collection ,practices ,act 7#ae ,u4,s4,c4 #afib et seq474 7b7 ,report ,n lat] ?an "o ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit to ,congress a report on ! complet$ /udy requir$ "u subsection 7a74 ,decemb] #ae1 #bjbj,report$ ) an am5dm5t1 committ$ to ! ,committee ( ! ,:ole ,h\se on ! ,/ate ( ! ,union1 & ord]$ to be pr9t$