Sec. 504. Treatment under the Fair Debt Collection Practices Act
158 words·~1 min read·
/bill/118/s/136/is/section-504A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 803 of the Fair Debt Collection Practices Act ( 15 U.S.C. 1692a ) is amended— in paragraph (5), by inserting , including such an obligation or alleged obligation arising out of an income share agreement, as that term is defined in section 2 of the before the period at the end; and ISA Student Protection Act of 2023 in paragraph (6), in the first sentence, by inserting , including an ISA provider (as defined in section 2 of the after ISA Student Protection Act of 2023 ), means any person .
Nothing in this section, or the amendments made by this section, may be construed for purposes of any other Federal law as considering— income share agreements as debts, once the ISA recipient owes any amounts to the ISA provider under the income share agreement; or ISA providers as lenders, once the ISA recipient owes any amounts to the ISA provider under the applicable income share agreement.
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 504
Treatment under the Fair Debt Collection Practices Act
Cites 1Cited by 0 across 0 sources