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 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2021-04-14 | IntroReferral | Introduced in Senate | Library of Congress |