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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. A person attempting to collect his or her “own” debt, is not a debt collector under the FDCPA. Florida ConsumerCollection Practices Act (FCCPA).
Its scalability and preconfigured settings enable lenders to refine their collection strategies and enhance operational efficiency, establishing the QCR Accelerator as a vital tool for meeting a wide array of needs while ensuring fast ROI and lower implementation costs.
The appeal arose from a lawsuit brought by two Florida homeowners (“Debtors”) against their home loan servicer (“Servicer”) for alleged violations of the FDCPA and Florida’s ConsumerCollection Practices Act. After defaulting on their home loan, a foreclosure suit was instituted. Debtors appealed.
A debt collector electronically transmitted information about the consumer (including the consumer’s name, his status as a debtor, the entity to which he owed the debt, and the outstanding balance owed) to its third-party dunning vendor, Compumail.
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 consumercollection process. Riexinger & Associates, LLC , 817 F.3d 3d 72 (2d Cir.
Collecting debts is time-consuming, especially if the debtor refuses to cooperate. Due to the frustration they encounter when collecting debts, they may resort to outsourcing the debt collection process to a collection agency for small businesses. How to Find a Collection Agency for Your Small Business.
Financial institutions, servicers, lenders, and debt collectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumerloan servicing and debt collection. This Bulletin serves as an update to that non-exhaustive compilation of information.
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 new law limits a collection agency’s ability to collect on medical debt. For more information, click here. On June 25, U.S.
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