Summary: H.R.6795 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.6795. Bill summaries are authored by CRS.

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Introduced in House (05/08/2020)

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.)