House Bill 5934
116th Congress(2019-2020)
SCAM Debt Act
Introduced
Introduced in House on Feb 21, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5934
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
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.
February 21, 2020
02/21/2020
Referred to the House Committee on Financial Services.
02/21/2020
Introduced in House
Public Record
Record Updated
Feb 9, 2022 12:10:46 AM