(a) Notwithstanding any general or special law to the contrary, it shall be unconscionable to collect a credit card debt during a declared state of emergency. No creditor as defined in chapter 140D of the General Laws shall collect a debt from a resident of the Commonwealth during the effective period of this act.
(b) Notwithstanding any general or special law to the contrary, it shall be unconscionable to collect a credit card debt during a declared state of emergency. No creditor as defined in chapter 140D of the General Laws shall collect a debt that a resident of the commonwealth accrues during the effective period of this act.
After the conclusion of said time period, a debtor shall enter into a payment plan with the creditor in order to repay such debt accrued, provided that the payment plan shall consist of proportional monthly payments for a period of not less than 3 years.
(c) This act shall take effect one week after it is signed. This act shall expire 90 days after the conclusion of the state of emergency declared by the Governor on March 10, 2020 or 90 days after the conclusion of a national state of emergency declared by the President of the United States on March 13, 2020, whichever is later.
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