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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Title(s) as Introduced

Payday and Predatory Loans Moratorium Act of 2020

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To establish a moratorium on collection efforts made by certain lenders against borrowers affected by coronavirus.

Actions Overview (1)

Date Actions Overview
04/17/2020Introduced in House

All Actions (2)

Date All Actions
04/17/2020Referred to the House Committee on Financial Services.
Action By: House of Representatives
04/17/2020Introduced in House
Action By: House of Representatives

Cosponsors (0)

No cosponsors.

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Financial Services04/17/2020 Referred to

No related bill information was received for H.R.6544.

Latest Summary (1)

There is one summary for H.R.6544. View summaries

Shown Here:
Introduced in House (04/17/2020)

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.