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Businesses throughout Florida should be aware of consumer statutes that provide remedies to consumers and impose liability to businesses, even for small technical violations. Florida ConsumerCollection Practices Act (FCCPA). Florida’s ConsumerCollection Practices Act (FCCPA) Part 1: Understanding the FCCPA.
Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers.
The new bill issued a moratorium on evictions, foreclosures, and repossessions, which expired on June 30, 2020. This legislation prohibits judgment creditors from initiating new “extraordinary” collection actions, including garnishment, attachment, levies, or execution.
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