United States · Bill · HR
H.R. 6795 (116th)
To prohibit confessions of judgment in connection with the extension of covered credit or creation of covered debt, and for other purposes.
Introduced
8 May 2020
Last action
—
Status
Referred to the House Committee on Financial Services.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
This bill prohibits a confession of judgment or similar agreement as a condition to a loan or extension of credit of $2 million or less during the COVID-19 (i.e., coronavirus disease 2019) emergency period and for 120 days following. (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.)
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Timeline
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Votes
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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 · 8 May 2020
Introduced in House (PDF)
Introduced in House · EN · 8 May 2020
Introduced in House
summary · EN · 8 May 2020
Sponsors
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Related records
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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/6795
- Open data entity: https://api.congress.gov/v3/bill/116/hr/6795