1. Short title This Act may be cited as the Payday and Predatory Loans Moratorium Act of 2020 . 2. Moratorium on collection efforts for certain borrowers affected by coronavirus (a) Moratorium During the one-year period beginning on the date on which a borrower notifies a covered lender of the borrower being affected by coronavirus, the covered lender may not carry out any collection efforts against the borrower with respect to a loan described in subsection (b). (b) Loan described A loan described in this subsection is any of the following loans: (1) A loan with nominal interest rates of 36 percent or more. (2) A loan by a covered lender described in subsection (c)(3)(B) that does not, or did not at the time of issuing the loan, determine whether the borrower can afford, while still meeting the basic living expenses and major financial obligations of the borrower— (A) with respect to payday and auto title loans that are due in one lump sum within one month of the date of such issuance, the full payment of the total loan amount, plus fees and finance charges