Stop Debt Collection Abuse Act of 2017
- Last Action
- 3/8/2017
Actions
- 2017-03-08Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2017-03-08Introduced in Senate
CRS Summary
As of 2017-03-08 (00)
Stop Debt Collection Abuse Act of 2017
This bill amends the Fair Debt Collection Practices Act to apply that Act's restrictions to collectors of debt owed to a federal agency.
A federal agency that is a creditor may not sell or transfer a debt to a debt collector until 90 days after the obligation arises. Specified notice to the consumer of such a sale or transfer is required.
A collector of debt owed to a federal agency may not collect any interest, fee, charge, or expense that is: (1) unreasonable in relation to actual costs, (2) not authorized by a contract between the debt collector and the federal agency, or (3) greater than 10% of the amount collected.
The Government Accountability Office shall study and report to Congress on the use of debt collectors by federal, state, and local government agencies.
Cosponsors (1)
- Mike Lee (R-UT)
Subjects
- Congressional oversight
- Debt collection
- Government lending and loan guarantees
- Government studies and investigations
- State and local government operations
- User charges and fees
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.