Code · BILL · 117th Congress · H.R. 2547 (Engrossed in House) — To expand and enhance consumer, student, servicemember, and small business protections with respect to debt collectio... · Sec. 103

Sec. 103. Enforcement of security interests

104 words·~1 min read·/bill/117/hr/2547/eh/section-103

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Section 103 of the Truth in Lending Act ( 15 U.S.C. 1602 ) is amended by adding at the end the following: The term ‘debt’ means any obligation of a person to pay to another person money— that includes the right of the person providing the money to a legal or an equitable remedy for breach of performance if the breach gives rise to a right to payment; and regardless of whether the obligation or right to a remedy described in paragraph

(1)is absolute or contingent, has been reduced to judgment, is fixed, matured, unmatured, disputed, undisputed, recourse, nonrecourse, secured, or unsecured .

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15 USC 1602

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Sec. 103

Enforcement of security interests

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