Sec. 110603. Credit facility

105 words·~1 min read·/bill/116/hr/6800/pcs/section-110603

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 812B(h) of the Fair Debt Collection Practices Act ( 15 U.S.C. 1692 et seq.), as added by section 110602, is amended by adding at the end the following: The Board of Governors of the Federal Reserve System shall— establish a facility, using amounts made available under section 4003(b)(4) of the CARES Act ( 15 U.S.C. 9042(b)(4) ), to make long-term, low-cost loans to debt collectors to temporarily compensate such debt collectors for documented financial losses caused by forbearance of debt payments under this subsection; and defer debt collectors’ required payments on such loans until after small businesses or nonprofit organizations’ debt payments resume. .

Connectionstraces to 2

Traces to 2 documents

U.S. Code

Citation graph

cites case law

Sec. 110603

Credit facility

U.S.C.§ 1692

U.S.C.§ 9042

Cites 2Cited by 0 across 0 sources