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Small Business Lending Fairness Act

USA117th CongressHR-2540| House 
| Updated: 4/14/2021
Nydia M. Velázquez

Nydia M. Velázquez

Democratic Representative

New York

Cosponsors (1)
Bradley Scott Schneider (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Small Business Lending Fairness Act This bill prohibits as a condition to a loan or extension of credit a confession of judgment or similar agreement. (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

Bill from Previous Congress

HR 116-3490
Small Business Lending Fairness Act
Apr 14, 2021

Latest Companion Bill Action

S 117-1119
Introduced in Senate
Apr 14, 2021
Introduced in House
Apr 14, 2021
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-3490
    Small Business Lending Fairness Act


  • April 14, 2021

    Latest Companion Bill Action

    S 117-1119
    Introduced in Senate


  • April 14, 2021
    Introduced in House


  • April 14, 2021
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • HR 117-2547: Comprehensive Debt Collection Improvement Act
  • S 117-1119: Small Business Lending Fairness Act
Business ethicsConsumer creditContracts and agencyLawyers and legal services

Small Business Lending Fairness Act

USA117th CongressHR-2540| House 
| Updated: 4/14/2021
Small Business Lending Fairness Act This bill prohibits as a condition to a loan or extension of credit a confession of judgment or similar agreement. (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.)
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-3490
Small Business Lending Fairness Act
Apr 14, 2021

Latest Companion Bill Action

S 117-1119
Introduced in Senate
Apr 14, 2021
Introduced in House
Apr 14, 2021
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-3490
    Small Business Lending Fairness Act


  • April 14, 2021

    Latest Companion Bill Action

    S 117-1119
    Introduced in Senate


  • April 14, 2021
    Introduced in House


  • April 14, 2021
    Referred to the House Committee on Financial Services.
Nydia M. Velázquez

Nydia M. Velázquez

Democratic Representative

New York

Cosponsors (1)
Bradley Scott Schneider (Democratic)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • HR 117-2547: Comprehensive Debt Collection Improvement Act
  • S 117-1119: Small Business Lending Fairness Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business ethicsConsumer creditContracts and agencyLawyers and legal services