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SCAM Debt Act
2/9/2022, 12:10 AM
Congressional Summary of HR 5934
Securing Consumers Against Misrepresented Debt Act of 2020 or the SCAM Debt Act
This bill provides additional requirements for debt collectors when taking legal action to collect a debt. Among other things, debt collectors must provide advance notice to the consumer of the intent to take legal action, and provide in the initial pleading certain evidence regarding the debt and a sworn affidavit stating that the statute of limitations has not expired.
The bill also sets forth additional information a debt collector must provide to a consumer regarding the debt.
Read the Full Bill
Current Status of Bill HR 5934
Bill HR 5934 is currently in the status of Bill Introduced since February 21, 2020. Bill HR 5934 was introduced during Congress 116 and was introduced to the House on February 21, 2020. Bill HR 5934's most recent activity was Referred to the House Committee on Financial Services. as of February 21, 2020
Bipartisan Support of Bill HR 5934
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
7Democrat Cosponsors
7Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5934
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Alternative dispute resolution, mediation, arbitration
- Civil actions and liability
- Debt collection
Alternate Title(s) of Bill HR 5934
SCAM Debt Act
To amend the Fair Debt Collection Practices Act to safeguard access to information for consumers and to stop abusive debt litigation, and for other purposes.
SCAM Debt Act
Securing Consumers Against Misrepresented Debt Act of 2020
Comments
Sponsors and Cosponsors of HR 5934
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