Archive for the ‘Fair Debt Collection Act’ Category
Fair Debt Collection Act
THE FAIR DEBT COLLECTION PRACTICES ACT
As amended by Public Law 104-208, 110 Stat. 3009 (Sept. 30, 1996)
To amend the Consumer Credit Protection Act to prohibit abusive practices by debt collectors.
Be it enacted by the Senate and House (more…)
Fair Debt Collection Act
THE FAIR DEBT COLLECTION PRACTICES ACT
As amended by Public Law 104-208, 110 Stat. 3009 (Sept. 30, 1996)
To amend the Consumer Credit Protection Act to prohibit abusive practices by debt collectors.
Be it enacted by the Senate and House (more…)
Collectors must:
Tell you how much you owe, the name of the original creditor, and what action you must take if you believe the debt is not yours. The creditor must do this within five days of the initial contact.
Stop all collection of any account if you notify them that you do not owe them money within thirty days of the initial contact. The collector can re-activate collection if they can verify that the account and moneys owed belong to you, by sending you a copy of the original contract or a copy of a bill.
Identify themselves as a debt or bill collector and cannot use false names.
Collectors cannot:
Claim you owe money that you do not.
Use threats of any kind against you, your (more…)
