,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #fccb ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,m>* #bc1 #bjbj,mrs4 ,beatty introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to susp5d paym5ts on c]ta9 consum] loans dur+ ! ,,covid-#ai em]g5cy1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,relief = ,consum]s ,dur+ ,,covid-#ai ,act ( #bjbj4 #b4 ,susp5sion ( o!r consum] loan paym5ts 7a7 ,9 g5]al ,dur+ ! ,,covid-#ai em]g5cy1 a debt collector may n1 ) respect to a debt ( a consum] 7o!r ?an debt relat$ to a f$]ally relat$ mortgage loan7-- 7#a7 capitalize unpaid int]e/2 7#b7 apply a high] int]e/ rate trigg]$ by ! nonpaym5t ( a debt to ! debt balance2 7#c7 *>ge a fee trigg]$ by ! nonpaym5t ( a debt2 7#d7 sue or ?reat5 to sue = nonpaym5t ( a debt2 7#e7 cont9ue litigation to collect a debt t 0 initiat$ be=e ! date ( enactm5t ( ?is section2 7#f7 submit or cause to be submitt$ a confession ( judgm5t to any c\rt2 7#g7 en=ce a security int]e/ ?r\gh repossession1 limitation ( use1 or =eclosure2 7#h7 take or ?reat5 to take any action to en=ce collection1 or any adv]se action = nonpaym5t ( a debt1 or = nonappe>ance at any he>+ relat+ to a debt2 7#i7 comm5ce or cont9ue any action to cause or to seek to cause ! collection ( a debt1 includ+ pursuant to a c\rt ord] issu$ be=e ! end ( ! #abj-;day p]iod foll[+ ! end ( ! ,,covid-#ai em]g5cy1 f wages1 ,f$]al b5efits1 or o!r am\nts due to a consum] by way ( g>ni%m5t1 d$uction1 (fset1 or o!r seizure2 7#aj7 cause or seek to cause ! collection ( a debt1 includ+ pursuant to a c\rt ord] issu$ be=e ! end ( ! #abj-;day p]iod foll[+ ! end ( ! ,,covid-#ai em]g5cy1 by levy+ on funds f a bank acc\nt or seiz+ any o!r assets ( a consum]2 7#aa7 comm5ce or cont9ue an action to evict a consum] f real or p]sonal prop]ty2 or 7#ab7 disconnect or t]m9ate s]vice f utility s]vice1 includ+ electricity1 natural gas1 telecommunications or broadb&1 wat]1 or sew]4 7b7 ,rule ( con/ruction ,no?+ 9 ?is section may be con/ru$ to prohibit a consum] f volunt>ily pay+1 9 :ole or 9 "p1 a debt4 7c7 ,repaym5t p]iod ,aft] ! expiration ( ! ,,covid-#ai em]g5cy1 ) respect to a debt describ$ "u subsection 7a71 a debt collector-- 7#a7 may n add to ! debt balance any int]e/ or fee prohibit$ by subsection 7a72 7#b7 %all1 = cr$it ) a def9$ t]m or paym5t p]iod1 ext5d ! "t p]iod to repay ! debt balance by #a paym5t p]iod = ea* paym5t t a consum] miss$ dur+ ! ,,covid-#ai em]g5cy1 ) ! paym5ts due 9 ! same am\nts & at ! same int]vals z ! pre-exi/+ paym5t s*$ule2 7#c7 %all1 = an op5 end cr$it plan 7z def9$ "u section #ajc ( ! ,tru? 9 ,l5d+ ,act7 or o!r cr$it )\t a def9$ t]m1 all[ ! consum] to repay ! debt balance 9 a mann] t does n exce$ ! am\nts p]mitt$ by =mulas "u section #agj7;c7 ( ! ,tru? 9 ,l5d+ ,act & regulations promulgat$ !reund]2 & 7#d7 %all1 :5 ! consum] notifies ! debt collector1 (f] reasonable & af=dable repaym5t plans1 loan modifications1 ref9anc+1 options ) a reasonable "t 9 :i* to repay ! debt4 7d7 ,communications 9 connection ) ! collection ( a debt 7#a7 ,9 g5]al ,dur+ ! ,,covid-#ai em]g5cy1 )\t prior cons5t ( a consum] giv5 directly to a debt collector dur+ ! ,,covid-#ai em]g5cy1 or ! express p]mission ( a c\rt ( compet5t jurisdiction1 a debt collector may only communicate 9 writ+ 9 connection ) ! collection ( any debt 7o!r ?an debt relat$ to a f$]ally relat$ mortgage loan74 7#b7 ,requir$ disclosures 7,a7 ,9 g5]al ,all writt5 communications describ$ "u p>agraph 7#a7 %all in=m ! consum] t ! communication is = in=mational purposes & is n an attempt to collect a debt4 7,b7 ,requirem5ts ,! disclosure requir$ "u subp>agraph 7,a7 %all be made-- 7i7 9 type or lett]+ n small] ?an #ad-po9t bold type2 7ii7 sep>ate f any o!r disclosure2 7iii7 9 a mann] design$ to ensure t ! recipi5t sees ! disclosure cle>ly2 7iv7 9 ,engli% & ,spani% & 9 any additional languages 9 :i* ! debt collector communicates1 includ+ ! language 9 :i* ! loan 0 negotiat$1 to ! ext5t kn[n by ! debt collector2 & 7v7 may be provid$ by fir/-class mail or electronically1 if ! borr[] has o!rwise cons5t$ to electronic communication ) ! debt collector & has n revok$ su* cons5t4 7,c7 ,oral notification ,any oral notification %all be provid$ 9 ! language ! debt collector o!rwise uses to communicate ) ! borr[]4 7,d7 ,writt5 translations ,9 provid+ writt5 notifications 9 languages o!r ?an ,engli% 9 ?is section1 a debt collector may rely on writt5 translations develop$ by ! ,bureau ( ,consum] ,f9ancial ,protection4 7e7 ,violations 7#a7 ,9 g5]al ,any p]son :o violates ?is section %all-- 7,a7 except z provid$ "u subp>agraph 7,b71 be subject to civil liability 9 accordance ) section #hac ( ! ,fair ,debt ,collection ,practices ,act1 z if ! p]son is a debt collector = purposes ( t section2 & 7,b7 be liable to ! consum] = an am\nt #aj times ! am\nts describ$ 9 su* section #hac4 7#b7 ,pr$ispute arbitration agreem5ts ,not)/&+ any o!r provision ( law1 no pr$ispute arbitration agreem5t or pr$ispute jo9t-action waiv] %all be valid or en=ceable ) respect to a dispute br\ght "u ?is section1 includ+ a dispute z to ! applicability ( ?is section1 :i* %all be det]m9$ "u ,f$]al law4 7f7 ,toll+ ,except z provid$ 9 subsection 7g77#e71 any applicable "t limitations1 includ+ /atutes ( limitations1 relat$ to a debt "u ,f$]al or ,/ate law %all be toll$ dur+ ! ,,covid-#ai em]g5cy4 7g7 ,claims ( affect$ cr$itors & debt collectors 7#a7 ,valuation ( prop]ty ,) respect to any action ass]t+ a tak+ "u ! ,fif? ,am5dm5t ( ! ,con/itution ( ! ,unit$ ,/ates z a result ( ?is section or seek+ a decl>atory judgm5t reg>d+ ! con/itutionality ( ?is section1 ! value ( ! prop]ty alleg$ to h be5 tak5 )\t j comp5sation %all be evaluat$-- 7,a7 ) consid]ation ( ! likelihood ( full & timely paym5t ( ! obligation )\t ! actions tak5 pursuant to ?is section2 & 7,b7 )\t consid]ation ( any assi/ance provid$ directly or indirectly to ! consum] f o!r ,f$]al1 ,/ate1 & local gov]nm5t programs in/itut$ or legislation enact$ 9 response to ! ,,covid-#ai em]g5cy4 7#b7 ,scope ( j comp5sation ,9 an action describ$ 9 p>agraph 7#a71 any assi/ance or b5efit provid$ directly or indirectly to ! p]son f o!r ,f$]al1 ,/ate1 & local gov]nm5t programs in/itut$ 9 or legislation enact$ response to ! ,,covid-#ai em]g5cy1 %all be deem$ to be comp5sation = ! prop]ty tak51 ev5 if su* assi/ance or b5efit is n specifically provid$ z comp5sation = prop]ty tak5 by ?is section4 7#c7 ,appeals ,any appeal f an action "u ?is section %all be treat$ "u section #aeh ( title #bh1 ,unit$ ,/ates ,code1 z if x 7 an appeal 9 a case "u title #aa1 ,unit$ ,/ates ,code4 7#d7 ,repose ,any action ass]t+ a tak+ "u ! ,fif? ,am5dm5t to ! ,con/itution ( ! ,unit$ ,/ates z a result ( ?is section %all be br\ght )9 n lat] ?an #ahj days aft] ! end ( ! ,,covid-#ai em]g5cy4 7#e7 ,sev]ability ,if any provision ( ?is section or ! application ( su* provision to any p]son or circum/ance is held to be invalid or uncon/itutional1 ! rema9d] ( ?is section & ! application ( ! provisions ( ?is section to any p]son or circum/ance %all n be affect$ !reby4 7h7 ,def9itions ,9 ?is section3 7#a7 ,consum] ,! t]m consum] means any individual obligat$ or alleg$ly obligat$ to pay any debt4 7#b7 ,,covid-#ai em]g5cy ,! t]m ,,covid-#ai em]g5cy means ! p]iod t beg9s ^u ! date ( ! enactm5t ( ?is ,act & ends on ! date ( ! t]m9ation by ! ,f$]al ,em]g5cy ,managem5t ,ag5cy ( ! em]g5cy decl>$ on ,m>* #ac1 #bjbj1 by ! ,presid5t "u ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #daba et seq47 relat+ to ! ,coronavirus ,disease #bjai 7,,covid-#ai7 p&emic4 7#c7 ,cr$itor ,! t]m cr$itor means-- 7,a7 any p]son :o (f]s or ext5ds cr$it creat+ a debt or to :om a debt is ow$ or o!r obligation = paym5t2 7,b7 any lessor ( real or p]sonal prop]ty2 or 7,c7 any provid] ( utility s]vices4 7#d7 ,debt ,! t]m debt-- 7,a7 means any pa/ due obligation or alleg$ pa/ due obligation t-- 7i7 0 creat$ be=e ! ,,covid-#ai em]g5cy1 :e!r or n su* obligation has be5 r$uc$ to judgm5t2 & 7ii7 arises out ( a transaction ) a consum] 9 :i* ! money1 prop]ty1 insurance or s]vices :i* are ! subject ( ! transaction1 are prim>ily = p]sonal1 family1 or h\sehold purposes2 & 7,b7 does n include a f$]ally relat$ mortgage loan4 7#e7 ,debt collector ,! t]m debt collector means a cr$itor1 & any p]son or entity t engages 9 ! collection ( debt1 includ+ ! ,f$]al ,gov]nm5t & a ,/ate gov]nm5t1 irrespective ( :e!r ! debt is alleg$ly ow$ to or assign$ to t p]son or to ! entity4 7#f7 ,f$]ally relat$ mortgage loan ,! t]m f$]ally relat$ mortgage loan has ! mean+ giv5 t t]m "u section #c ( ! ,real ,e/ate ,settlem5t ,proc$ures ,act ( #aigd 7#ab ,u4,s4,c4 #bfjb74 #c4 ,cr$it facility = o!r purposes 7a7 ,e/abli%m5t ,! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em %all e/abli% a facility t ! ,bo>d ( ,gov]nors %all use to make paym5ts to cov]$ f9ancial in/itutions to comp5sate su* in/itutions = docum5t$ f9ancial losses caus$ by ! susp5sion ( paym5ts requir$ "u section #b4 7b7 ,cov]$ f9ancial in/itution def9$ ,9 ?is section1 ! t]m cov]$ f9ancial in/itution means ! hold] ( a loan describ$ "u section #b4