United States · Bill · HR
H.R. 6544 (116th)
Payday and Predatory Loans Moratorium Act of 2020
Introduced
17 April 2020
Last action
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Status
Referred to the House Committee on Financial Services.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Payday and Predatory Loans Moratorium Act of 2020 This bill prohibits for one year efforts by a lender to collect on certain debts owed by a borrower affected by the COVID-19 (i.e., coronavirus disease 2019) pandemic. Specifically, lenders are prohibited from collection efforts against such a borrower with respect to (1) a loan with a nominal interest rate of 36% or more, and (2) a loan which the lender did not determine was affordable while allowing the borrower to meet basic living expenses and major financial obligations.
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 17 April 2020
Introduced in House (PDF)
Introduced in House · EN · 17 April 2020
Introduced in House
summary · EN · 17 April 2020
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/house-bill/6544
- Open data entity: https://api.congress.gov/v3/bill/116/hr/6544