H.R. 5001: Non-Judicial Foreclosure Debt Collection Clarification Act

CBO Score


Date of Report

Wed April 22nd, 2020

Legislation Details

116th Congress

To amend the Fair Debt Collection Practices Act to clarify that the definition of a debt collector includes, in all cases, a person in a business the principal purpose of which is the enforcement of security interests.

Sponsor: Rep. Wm. Clay — D — MO

Classifies some businesses engaged in nonjudicial foreclosure proceedings as debt collectors under the Fair Debt Collection Practices Act (FDCPA). (Nonjudicial proceedings allow foreclosures on delinquent mortgages to occur without court supervision.) By classifying such businesses as debt collectors, The bill requires them to comply with all applicable provisions of the FDCPA.

View the full vote history of this bill on GovTrack.us.

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