,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fgie  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #h1 #bjbj,ms4    
,velzquez 7= h]self & ,ms4 ,wat]s7      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to prohibit confessions (      
judgm5t 9 connection ) ! ext5sion (     
cov]$ cr$it or creation ( cov]$ debt1 & 
= o!r purposes4  #a4 ,confessions (     
judgm5t prohibition  7a7 ,9 g5]al ,dur+ 
! cov]$ p]iod1 9 connection ) an        
ext5sion ( cov]$ cr$it or ! creation ( a
 cov]$ debt 9 or affect+ comm]ce        
7includ+ any advance ( funds or sale or 
assignm5t ( future income or receivables
 t may or may n be cr$it71 no p]son may 
directly or indirectly take or receive f
 ano!r p]son1 or seek to en=ce1 an      
obligation t con/itutes or conta9s a    
cognovit or confession ( judgm5t 7=     
purposes o!r ?an executory process 9 !  
,/ate ( ,l\isiana71 w>rant ( attorney1  
or o!r waiv] ( ! "r to notice & !       
opportunity to be he>d 9 ! ev5t ( suit  

or process !reon4  7b7 ,en=cem5t ,any   
p]son :o fails to comply ) ! requirem5ts
 ( ?is section ) respect to any         
obligation ow$ by a cov]$ borr[] %all-- 
7#a7 be held liable "u section #hac ( ! 
,fair ,debt ,collection ,practices ,act 
7#ae ,u4,s4,c4 #afibk7 :]e-- 7,a7 !     
cov]$ borr[] is deem$ to be a consum]1 z
 def9$ 9 section #hjc ( su* ,act2 &     
7,b7 ! p]son is deem$ to be a debt      
collector1 z def9$ 9 su* section2 &     
7#b7 be liable to ! cov]$ borr[] 9 an   
am\nt equal to #aj times ! maximum am\nt
 ( damages all[$ "u section #hac ( su*  
,act = ea* violation ( ! requirem5ts (  
?is section4  7c7 ,consid]ation ,at !   
end ( ! cov]$ p]iod1 a p]son to :om an  
obligation describ$ 9 subsection 7a7 is 
ow$ %all take into consid]ation !       
f9ancial situation ( ! cov]$ borr[] t   
owes su* obligation = ! repaym5t ( su*  
obligation4  7d7 ,def9itions ,9 ?is     
section3 7#a7 ,comm]ce ,! t]m comm]ce   
has ! mean+ giv5 9 section #d ( ! ,f$]al
 ,trade ,commission ,act 7#ae ,u4,s4,c4 

#dd74  7#b7 ,cov]$ borr[] ,! t]m cov]$  
borr[] means a p]son t-- 7,a7 receives  
cr$it or an advance ( funds2 or  7,b7   
makes an assignm5t ( future income or   
receivables4  7#c7 ,cov]$ cr$it ,! t]m  
cov]$ cr$it means cr$it provid$ to a    
cov]$ borr[] 9 an am\nt t is less ?an or
 equal to #b1jjj1jjj4  7#d7 ,cov]$ debt 
,! t]m cov]$ debt means any obligation (
 a cov]$ borr[] to pay to ano!r p]son an
 am\nt t is less ?an or equal to        
#b1jjj1jjj-- 7,a7 reg>dless ( :e!r su*  
obligation is absolute or cont+5t if !  
und]/&+ betwe5 ! p>ties is t any "p (   
su* am\nt %all be or may be return$2    
7,b7 t includes ! "r ( ! p]son provid+ !
 money to an equitable rem$y = brea* (  
p]=mance if ! brea* gives rise to a "r  
to paym5t2 &  7,c7 reg>dless ( :e!r !   
obligation or "r to an equitable rem$y  
describ$ 9 subp>agraph 7,b7 has be5     
r$uc$ to judgm5t1 fix$1 cont+5t1 matur$1
 unmatur$1 disput$1 undisput$1 secur$1  
or unsecur$4  7#e7 ,cov]$ p]iod ,! t]m  
cov]$ p]iod means ! p]iod beg9n+ on !   

date ( ! enactm5t ( ?is section & end+  
#abj days aft] ! end ( ! incid5t p]iod =
 ! em]g5cy decl>$ on ,m>* #ac1 #bjbj1 by
 ! ,presid5t "u ,section #eja ( ! ,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