H.R.2549 - Bill Payment Grace Period Act of 2003108th Congress (2003-2004)
|Sponsor:||Rep. Sherman, Brad [D-CA-27] (Introduced 06/19/2003)|
|Committees:||House - Financial Services|
|Latest Action:||07/07/2003 Referred to the Subcommittee on Financial Institutions and Consumer Credit.|
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Subject — Policy Area:
- Finance and Financial Sector
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Summary: H.R.2549 — 108th Congress (2003-2004)All Bill Information (Except Text)
Bill Payment Grace Period Act of 2003 - Amends the Fair Debt Collection Practices Act to prohibit creditors from taking action adverse to the interests of a consumer with respect to certain payments that are due in, or shortly after, the period of a disruption of the mail resulting from a national emergency.
Introduced in House (06/19/2003)
Authorizes the Secretary of the Treasury to designate (and extend up to seven additional days) a grace period to make debt payments by mail in such circumstances.