Small Business Lending Fairness Act

Summary

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.)

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 14 April 2021

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 14 April 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 April 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 April 2021 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 April 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 April 2021

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 April 2021

  Open at official source

Sponsors

• Rep. Velázquez, Nydia M. [D-NY-7] · D · Sponsor
• Bradley Schneider · D · Sponsor
• · hsba00 · Standing

Related records

• related to → Small Business Lending Fairness Act
• related to ← Comprehensive Debt Collection Improvement Act
• related to ← Small Business Lending Fairness Act