To amend the Fair Debt Collection Practices Act to restrict the debt collection practices of certain debt collectors.

United States115th CongressHR-864House of Representatives
Updated: Jul 12, 2017

Summary

Stop Debt Collection Abuse Act of 2017 This bill amends the Fair Debt Collection Practices Act to apply that Act's restrictions to collectors of debt owed to a federal agency. A federal agency that is a creditor may not sell or transfer a debt to a debt collector until 90 days after the obligation becomes delinquent or defaults. Specified notice to the consumer of such a sale or transfer is required. A collector of debt owed to a federal agency may not collect any interest, fee, charge, or expense that is: (1) unreasonable in relation to actual costs, (2) not authorized by a contract between the debt collector and the federal agency, or (3) greater than 10% of the amount collected. The Government Accountability Office shall study and report to Congress on the use of debt collectors by federal, state, and local government agencies.

Bill texts

Available versions
Introduced (House)View official text

1 version available

All available records shown.

Timeline

  1. Referred to the House Committee on Financial Services.

    House of Representatives

  2. Introduced in House

  3. Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

    House of Representatives

All available records shown.