,,ii #aaf? ,,congress #b;d ,session ,s4 #cefe ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #bb1 #bjbj,mr4 ,br[n introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to am5d ! ,fair ,debt ,collection ,practices ,act to provide additional protections = consum]s & small bus9ess own]s f debt collection dur+ a major disa/] or em]g5cy4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,small ,bus9ess & ,consum] ,debt ,collection ,em]g5cy ,relief ,act ( #bjbj4 #b4 ,f9d+s ,congress f9ds t-- 7#a7 ! collection ( debts involves ! use ( ! mails & wires & o!r in/rum5talities ( int]/ate comm]ce2 7#b7 at times ( major disa/] or em]g5cy1 ! income ( consum]s & small bus9esses is (t5 impair$ & _! necess>y daily exp5ses (t5 increase2 7#c7 tempor>y =be>ance on debt collection is critical to fo/]+ economic recov]y & /ability 9 ! wake ( major disa/]s or em]g5cies2 7#d7 tempor>y =be>ance b5efits n only consum] & small bus9ess debtors1 b also o!r cr$itors by avoid+ d[nw>d collat]al price spirals trigg]$ by an increase 9 =eclosure activity2 7#e7 )\t =be>ance1 _m consum]s & small bus9esses are unlikely to be able to pay _! obligations accord+ to _! orig9al t]ms & are likely to default on obligations or file = bankruptcy1 result+ 9 r$uc$ recov]ies = cr$itors1 & 9 ! case ( bankruptcy1 no recov]y ( unaccru$ int]e/2 7#f7 ) =be>ance1 cr$itors are likely to realize great] long-t]m value because consum]s & small bus9esses w be m likely to be able to repay _! obligations aft] ! major disa/] or em]g5cy has subsid$2 7#g7 ! legislative & adm9i/rative response to major disa/]s & em]g5cies may consi/ ( multiple compon5ts divid$ among diff]5t /atutes & programs2 & 7#h7 :5 evaluat+ :e!r prop]ty has be5 tak5 f a p]son )\t j comp5sation1 a holi/ic evaluation ( ! burd5s & b5efits ( all legislative & adm9i/rative responses1 includ+ indirect b5efits f macroeconomic /abilization1 is appropriate4 #c4 ,re/rictions on collections ( debt dur+ a national disa/] or em]g5cy 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 ,re/rictions on collections ( debt dur+ national disa/] or em]g5cy 7a7 ,def9itions ,9 ?is section3 7#a7 ,! t]m consum] means any individual obligat$ or alleg$ly obligat$ to pay any debt2 7#b7 ,! t]m cov]$ p]iod-- 7,a7 means-- 7i7 ! p]iod beg9n+ on ! date t is #a day aft] ! date on :i* a major disa/] is decl>$ by ! ,presid5t "u section #dja ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eagj71 :]e assi/ance is au?oriz$ "u section #djh ( t ,act 7#db ,u4,s4,c4 #eagd71 & end+ #abj days aft] ! end ( ! incid5t p]iod = t disa/]2 or 7ii7 ! p]iod beg9n+ on ! date t is #a day aft] ! date on :i* an em]g5cy involv+ ,f$]al prim>y responsibility is det]m9$ to exi/ by ! ,presid5t "u section #eja7;b7 ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eaia7;b77 t simultane\sly cov]s all ,/ates = a s+le incid5t1 ev5t1 or em]g5cy1 & end+ #abj days aft] ! end ( ! incid5t p]iod = t em]g5cy2 & 7,b7 includes ! p]iod beg9n+ on ! date t is #a day aft] ! date ( enactm5t ( ?is ,act & end+ on ! date t is #abj days aft] ! end ( ! incid5t p]iod ) respect to ! em]g5cy involv+ ,f$]al prim>y responsibility det]m9$ to exi/ by ! ,presid5t "u ! section #eja7;b7 ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eaia7;b77 ) respect to ! coronavirus disease #bjai 7,,covid-#ai74 7#c7 ,! 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 ,! t]m debt-- 7,a7 means any obligation or alleg$ obligation t is or dur+ ! cov]$ p]iod becomes pa/ due-- 7i7 = :i* ! orig9al agreem5t1 ( if !re is no agreem5t1 ! orig9al obligation to pay 0 creat$ be=e ! cov]$ p]iod1 :e!r or n su* obligation has be5 r$uc$ to judgm5t2 & 7ii7 t arises out ( a transaction-- 7,i7 ) a consum]2 or 7,,ii7 ) a small bus9ess2 & 7,b7 does n include a f$]ally relat$ mortgage loan4 7#e7 ,! 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 ,! t]m f$]ally relat$ mortgage loan has ! mean+ giv5 ! t]m 9 section #c ( ! ,real ,e/ate ,settlem5t ,proc$ures ,act ( #aigd 7#ab ,u4,s4,c4 #bfjb74 7#g7 ,! t]m major disa/] or em]g5cy means-- 7,a7 a major disa/] decl>$ by ! ,presid5t "u section #dja ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eagj71 :]e assi/ance is au?oriz$ "u section #djh ( su* ,act 7#db ,u4,s4,c4 #eagd72 or 7,b7 an em]g5cy involv+ ,f$]al prim>y responsibility t is det]m9$ to exi/ by ! ,presid5t "u section #eja7;b7 ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eaia7;b77 t simultane\sly cov]s all ,/ates = a s+le incid5t1 ev5t1 or em]g5cy4 7#h7 ,! t]m small bus9ess has ! mean+ giv5 ! t]m small bus9ess conc]n 9 section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb74 7b7 ,prohibitions 7#a7 ,9 g5]al ,not)/&+ any o!r provision ( law1 no debt collector may dur+ a cov]$ p]iod1 relat+ to a debt ow$ by a consum] or small bus9ess-- 7,a7 capitalize unpaid int]e/2 7,b7 apply a high] int]e/ rate trigg]$ by ! nonpaym5t ( ! debt to ! debt balance2 7,c7 *>ge a fee trigg]$ by ! nonpaym5t ( ! 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 ! cov]$ p]iod1 f wages1 ,f$]al b5efits1 or o!r am\nts due to a consum] or small bus9ess1 by way ( g>ni%m5t1 d$uction1 (fset1 or o!r seizure2 7,j7 cause or seek to cause ! collection ( a debt1 includ+ pursuant to a c\rt ord] issu$ be=e ! cov]$ p]iod1 by levy+ on funds f a bank acc\nt or seiz+ any o!r assets ( a consum] or a small bus9ess2 7,k7 comm5ce or cont9ue an action to evict a consum] or small bus9ess f real or p]sonal prop]ty2 or 7,l7 disconnect or t]m9ate s]vice f utility s]vice1 includ+ electricity1 natural gas1 telecommunications or broadb&1 wat]1 or sew]4 7#b7 ,rule ( con/ruction ,no?+ 9 ?is section may be con/ru$ to prohibit a consum] or small bus9ess f volunt>ily pay+1 9 :ole or 9 "p1 a debt4 7c7 ,repaym5t p]iod ,aft] ! expiration ( a cov]$ p]iod1 a debt collector %all-- 7#a7 n add to ! pa/ due balance any int]e/ or fee prohibit$ by subsection 7b72 7#b7 = any debt ) a def9$ paym5t p]iod1 ext5d ! "t p]iod to repay ! pa/-due balance ( ! debt by #a paym5t p]iod = ea* paym5t t a consum] or small bus9ess miss$ dur+ ! cov]$ p]iod1 ) ! paym5ts due 9 ! same am\nts & at ! same int]vals z ! pre-exi/+ paym5t s*$ule2 7#c7 = an op5 end cr$it plan1 z def9$ 9 section #ajc ( ! ,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4 #afjb71 or o!r cr$it plan )\t a def9$ t]m1 all[ ! consum] or small bus9ess to repay ! pa/-due balance 9 a mann] t does n exce$ ! am\nts p]mitt$ by ! me?ods describ$ 9 section #aga7;c7 ( ! ,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4 #afff;i-#a7;c77 & regulations promulgat$ "u t section2 or 7#d7 %all1 if ! debt has no paym5t p]iods1 all[ ! consum] or small bus9ess a reasonable "t 9 :i* to repay ! debt 9 af=dable paym5ts4 7d7 ,communications 9 connection ) ! collection ( a debt 7#a7 ,9 g5]al ,)\t prior cons5t ( ! consum] or small bus9ess giv5 directly to ! debt collector dur+ a cov]$ p]iod1 or ! express p]mission ( a c\rt ( compet5t jurisdiction1 a debt collector %all only communicate 9 writ+ 9 connection ) ! collection ( any debt4 7#b7 ,requir$ disclosures 7,a7 ,9 g5]al ,all writt5 communications "u p>agraph 7#a7 %all in=m ! consum] or small bus9ess 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>ly4 7e7 ,violation ,any p]son :o violates ?is section %all-- 7#a7 except z provid$ 9 p>agraph 7#b71 be subject to civil liability 9 accordance ) section #hac z if ! p]son is a debt collector = purposes ( t section2 & 7#b7 be liable 9 an am\nt n great] ?an #aj times ! am\nts describ$ 9 section #hac4 7f7 ,toll+ ,except z provid$ 9 section 7g77#e71 any applicable "t limitations1 includ+ /atutes ( limitations1 relat$ to a debt "u ,f$]al or /ate law %all be toll$ dur+ ! cov]$ p]iod4 7g7 ,claims ( affect$ cr$itors & debt collectors 7#a7 ,claim ,a cr$itor or debtor may br+ an action 9 an appropriate bankruptcy c\rt ( ! ,unit$ ,/ates-- 7,a7 ass]t+ a tak+ "u ! ,fif? ,am5dm5t to ! ,con/itution ( ! ,unit$ ,/ates z a result ( ?is section2 or 7,b7 seek+ a decl>atory judgm5t reg>d+ ! con/itutionality ( ?is section4 7#b7 ,exclusive jurisdiction ,! bankruptcy c\rts ( ! ,unit$ ,/ates %all h exclusive jurisdiction ov] an action br\ght "u ?is subsection4 7#c7 ,f9al judgm5t ,! bankruptcy c\rt may-- 7,a7 ent] a f9al judgm5t ^u cons5t ( ! p>ties2 or 7,b7 may issue a report & recomm5dation1 :i* %all be subject to de novo review 9 ! appropriate di/rict c\rt ( ! ,unit$ ,/ates4 7#d7 ,valuation ( prop]ty ,9 an action describ$ 9 "u ?is subsection1 ! 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] or small bus9ess f "u any legislation enact$ 9 response to a major disa/] or em]g5cy4 7#e7 ,scope ( j comp5sation ,9 an action "u ?is subsection1 any assi/ance or b5efit provid$ directly or indirectly to ! any cr$itor or debt collector "u any legislation enact$ 9 response to a major disa/] or em]g5cy %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#f7 ,appeals ,any appeal f an action "u ?is subsection %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#g7 ,repose ,any action ass]t+ a tak+ "u ! ,fif? ,am5dm5t to ! ,con/itution ( ! ,unit$ ,/ates z a result ( ?is subsection %all be br\ght )9 n lat] ?an #ahj days aft] ! end ( ! cov]$ p]iod4 7h7 ,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$]al law4 4 7b7 ,sev]ability ,if any provision ( ?is ,act or ! application ( su* provision to any p]son or circum/ance is held to be invalid or uncon/itutional1 ! rema9d] ( ?is ,act & ! application ( ! provisions ( ?is ,act to any p]son or circum/ance %all n be affect$ !reby4 7c7 ,te*nical & con=m+ am5dm5t ,! table ( cont5ts = ! ,fair ,debt ,collection ,practices ,act is am5d$ by ins]t+ aft] ! item relat+ to section #hab ! foll[+3 #hab;,a4 ,re/rictions on collections ( debt dur+ national disa/] or em]g5cy4 4