PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Congressional Research Service
Version 00 · Introduced in House · Nov 17, 1999
Credit Cost Reduction Act of 1999 - Amends the Fair Debt Collection Practices Act to exclude from the definition of "communication" civil procedural actions taken pursuant to either Federal or State law or to a nonjudicial foreclosure.Permits continuation of collection and communications activities during the period of initial notice of debt unless the consumer requests cessation of such activities.Expands the scope of debt collector's civil liability for noncompliance to include any series of class actions arising out of the same violations by the same debt collector.Adds to the mandatory factors for court consideration of debt collector's liability for noncompliance the amount of actual damages awarded.Shields a debt collector from liability for a violation resulting from good faith compliance with either Federal or State rules of civil procedure or a nonjudicial foreclosure proceeding.Prescribes guidelines under which a servicer of a federally related mortgage loan secured by a first lien is exempt from requirements pertaining to: (1) certain false or misleading representations to the consumer in connection with debt collection; or (2) debt validation activities. Requires such servicer to provide to the consumer, at least 30 days before an acceleration of the debt, a validation statement or a notice of the consumer's right to receive a validation statement.
People & committees
Rep. Metcalf, Jack [R-WA-2] · R–WA
Legislative record
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Referred to the House Committee on Banking and Financial Services.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 20, 2025. Consult Congress.gov for the current record.
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