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.)
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2021-04-14 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2021-04-14 | IntroReferral | Introduced in House | Library of Congress |