HOUSE 2540117th CongressReferred to the House Committee on Financial Services.
Small Business Lending Fairness Act
- Last Action
- 4/14/2021
Actions
- 2021-04-14Referred to the House Committee on Financial Services.
- 2021-04-14Introduced in House
- 2021-04-14Introduced in House
CRS Summary
As of 2021-04-14 (00)
Small Business Lending Fairness Act
This bill prohibits as a condition to a loan or extension of credit a confession of judgment or similar agreement. (A confession of judgment is an agreement to a judgment of liability without notice and opportunity to be heard in court in the event of the default of a borrower.)
Cosponsors (1)
- Bradley Schneider (D-IL)
Subjects
- Business ethics
- Consumer credit
- Contracts and agency
- Lawyers and legal services
Sourced from Congress.gov (public domain).
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