FFGN COLLECT NY

NOVEMBER 24, 2021

Most significantly, the Act reduces the statute of limitations — the period of time in which you have to file suit against a consumer debtor — from six years to three years. Similarly, if you have a payment arrangement with a customer who is a consumer you should have the consumer confirm owing the debt and include a promise to pay.

Third-party Debt Collectors 52

Third-party Debt Collectors Collections Debtor Debt collector 52

Burr Forman

DECEMBER 4, 2020

This legislation prohibits judgment creditors from initiating new “extraordinary” collection actions, including garnishment, attachment, levies, or execution. Debtors must notify creditors if they are facing financial hardship due to COVID-19, but no additional documentation is required for protection.

Financial Institution 52

Financial Institution Garnishment Collections Foreclosure 52

FDCPA Defense

FEBRUARY 1, 2018

Attorneys and other entities that regularly engage in collection work for community associations may be subject to the requirements of the Fair Debt Collection Practices Act, 15 U.S.C. as well as analogous state laws governing the consumer collection process. Riexinger & Associates, LLC , 817 F.3d 3d 72 (2d Cir.

Accrued Interest 40

Accrued Interest Foreclosure Debtor Debt collector 40

Troutman Sanders

JUNE 28, 2021

The new law limits a collection agency’s ability to collect on medical debt. The proposed amendments include changing the definition of medical debt, allowing medical debtors to initiate contact and make voluntary payments, and preventing certain written communications from being sent via certified mail.

Financial services 52

Financial services Financial Institution Collection Agencies Collections Agency 52