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Below are some general compliance requirements and considerations for debt collectors working from home: Data Security and Privacy : Ensure that debt collectors have secure connections and use encrypted communications to protect sensitive consumer data. They should be educated about the importance of data security and privacy.
Generally, the statute of limitations ranges from three to ten years, and once it has expired, the debt is considered “time-barred” and the collection agency can no longer legallycollect on it.
Recent enforcement actions have targeted collection agencies that misrepresented attorney involvement, attempted to collect on debts without adequate documentation, or pursued no longer legallycollectibledebts.
Recent enforcement actions have targeted collection agencies that misrepresented attorney involvement, attempted to collect on debts without adequate documentation, or pursued no longer legallycollectibledebts.
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