HR 2540 · 117th Congress

Small Business Lending Fairness Act

<p><b>Small Business Lending Fairness Act </b></p> <p>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 defaul…

Sponsor

Velázquez, Nydia M. (D-NY)

Introduced

2021-04-14

Policy area

Finance and Financial Sector

Latest action

Referred to the House Committee on Financial Services.