Examples of Debt Responsibility Act in a sentence
Rather, credit records will show that these hard-working consumers, who successfully paid off or settled their medical bills, are more creditworthy than the current system would otherwise lead a prospective lender to believe.The Medical Debt Responsibility Act could also boost our economy without requiring the expenditure of any federal funds.
Email from Leo Bueno, Attorney, May 14, 2010.states in response.19 Second, the Ninth Circuit has held that a consumer has no remedy under the FCRA to remove a medical collection item from her credit report, because technically the patient owes the medical bill even though the default was caused by an insurance dispute.20The Medical Debt Responsibility Act, H.R. 2086, will help ameliorate this huge problem by amending the FCRA to exclude fully paid and settled medical debt from a consumer's credit report.
Commentators have noted that the Federal Reserve Board’s efforts to stimulate the economy by keeping interest rates low are being hampered by the inability of consumers with less-than-stellar credit scores to qualify for these rates.21 By instantly raising the credit scores of millions of Americans, the Medical Debt Responsibility Act will enable these Americans to access this affordable credit and aid our economic recovery efforts.
The National Consumer Law Center, on behalf of its low-income clients, is pleased to support the Medical Debt Responsibility Act, H.R. 2086.
In 2013, Senator Merkley and others presented an amendment to Section 1681c(a) to delete from credit reports "[a]ny information related to a fully paid or settled medical debt that had been characterized as delinquent, charged off, or in collection which, from the date of payment or settlement, antedate[d] the report by more than 45 days." See Medical Debt Responsibility Act of 2013, S.
Bottom-up informal planning practice has been largely underplayed or even neglected in the existing state-centric technorationalist discourse, partly because of the general mode of planning research in China, in which planning knowledge is very much transferred as a commodity only between the elite bureaucrats and technical experts, leading to its disconnection from the often locally contextualised ‘social values’, ‘political strategy’, and ‘social action’ (Friedmann and Abonyi, 1976, pages 930–933).
Comprehensive Cap: The limitation on Maximum Annual Debt Servicepayable on Net Tax-Supported Debt, established pursuant to the Debt Responsibility Act and the Debt Management Policy, which shall apply in addition to the limitation imposed on the incurrence of public Debt established pursuant to the Article VI, Section 2 of the Commonwealth Constitution.
In 2013— between the 2003 and 2018 amendments (the latter of which introduced the veterans’ medical debt provision)—bills were introduced in both chambers of Congress to amend § 1681c to restrict the reporting of “[a]ny information related to a fully paid or settled medical debt that had been characterized as delinquent, charged off, or in collection which, from the date of payment or settlement, antedates the report by more than 45 days.” See Medical Debt Responsibility Act of 2013, S.
The Medical Debt Responsibility Act will prevent the credit records of millions of consumers from being unfairly tarnished.
The Medical Debt Responsibility Act provides a quick, simple and cost-free solution to a problem that has a long-term negative impact on consumer credit scores, and thus the housing market and economy.