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- H.R.2540
H.R.2540: Small Business Lending Fairness Act
About This Bill
- Introduced April 14, 2021
- Latest Major Action April 14, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - April 14, 2021
Bill Summary
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.)
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
April 14, 2021 |
Referred to the House Committee on Financial Services.
|
April 14, 2021 |
Introduced in the House by Nydia M. Velázquez (D-N.Y.) |