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Fair Debt Collection Practices Act

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Fair Debt Collection Practices Act

A federal law designed to curb abuses in the debt collection industry. The law applies to debt collectors, who are defined as persons or companies who collect debts for another. If you owe money to Smith's Marina and Mr. Smith himself or one of his employees contacts you to collect the money owed, that person is not a debt collector under the Act because they are trying to collect money due to themselves, not money due to a third party.

Generally speaking, collectors cannot call you before 8 a.m. or after 9 p.m.They can't threaten you with arrest,bodily harm,or public exposure as a “deadbeat.”They can't imply they are connected with law enforcement.Collectors cannot harass you with repeated phone calls on the same day.They can't call you at work if you tell them you are not allowed to receive such calls at work.

Consumers may sue and collect damages and attorneys'fees for violations of the Fair Debt Collection Practices Act. (It may be found at 15 USC §1601 and subsequent sections.) You must file suit within one year of the violation.



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Though paying back a loan on time should be your most important priority, you should certainly know what is allowed and what isn''t allowed under the United States fair Debt Collection Practices Act.
There are both state and federal laws which must be followed by debt collectors in compliance with the Fair Debt Collection Practices Act (FDCPA) and, for California consumers, the Rosenthal Fair Debt Collection Practices Act.
com that the Fair Debt Collection Practices Act requires creditors to send written notice of how much a person owes, five days after they make first contact with the debtor.
 
 
 
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