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California Expands Rosenthal Act to Cover ‘Small Business’ Debt Collection

Collection Industry News

EXPANSION OF COVERED DEBT The amendments expand covered debt to include “covered commercial debt,” “covered commercial credit,” and “covered commercial credit transaction.” Under the amended act, “covered debt” means a consumer debt or a covered commercial debt.

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5 tips for creating a well-written credit application

Collections Law

This includes providing an applicant with the reason for credit denial, upon their request. Allow our skilled attorneys to help you Preparing a credit application is no small feat, and simply using a form found on the internet does not allow you to include all the necessary items listed above.