![]() ![]() (C) any officer or employee of the United States or any State to the extent that collecting or attempting to collect any debt is in the performance of his official duties (B) any person while acting as a debt collector for another person, both of whom are related by common ownership or affiliated by corporate control, if the person acting as a debt collector does so only for persons to whom it is so related or affiliated and if the principal business of such person is not the collection of debts (A) any officer or employee of a creditor while, in the name of the creditor, collecting debts for such creditor For the purpose of section 1692f(6) of this title, such term also includes any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the enforcement of security interests. Notwithstanding the exclusion provided by clause (F) of the last sentence of this paragraph, the term includes any creditor who, in the process of collecting his own debts, uses any name other than his own which would indicate that a third person is collecting or attempting to collect such debts. (6) The term "debt collector" means any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the collection of any debts, or who regularly collects or attempts to collect, directly or indirectly, debts owed or due or asserted to be owed or due another. (5) The term "debt" means any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance or services which are the subject of the transaction are primarily for personal, family, or household purposes, whether or not such obligation has been reduced to judgment. (4) The term "creditor" means any person who offers or extends credit creating a debt or to whom a debt is owed, but such term does not include any person to the extent that he receives an assignment or transfer of a debt in default solely for the purpose of facilitating collection of such debt for another. (3) The term "consumer" means any natural person obligated or allegedly obligated to pay any debt. (2) The term "communication" means the conveying of information regarding a debt directly or indirectly to any person through any medium. (1) The term "Bureau" means the Bureau of Consumer Financial Protection. It is the purpose of this subchapter to eliminate abusive debt collection practices by debt collectors, to insure that those debt collectors who refrain from using abusive debt collection practices are not competitively disadvantaged, and to promote consistent State action to protect consumers against debt collection abuses. Even where abusive debt collection practices are purely intrastate in character, they nevertheless directly affect interstate commerce. Means other than misrepresentation or other abusive debt collection practices are available for the effective collection of debts.Ībusive debt collection practices are carried on to a substantial extent in interstate commerce and through means and instrumentalities of such commerce. (c) Available non-abusive collection methods Abusive debt collection practices contribute to the number of personal bankruptcies, to marital instability, to the loss of jobs, and to invasions of individual privacy.Įxisting laws and procedures for redressing these injuries are inadequate to protect consumers. There is abundant evidence of the use of abusive, deceptive, and unfair debt collection practices by many debt collectors. Congressional findings and declarations of purpose This subchapter may be cited as the "Fair Debt Collection Practices Act." §818. Exception for certain bad check enforcement programs operated by private entities Reports to Congress by the Bureau views of other Federal agencies Communication in connection with debt collection Congressional findings and declaration of purpose Although the staff has made every effort to transcribe the statutory material accurately, this compendium is intended as a convenience for the public and not a substitute for the text in the U.S. Code citation is included with each section heading. For example, this version uses FDCPA section numbers in the headings. Please note that the format of the text differs in minor ways from the U.S. 2092 (2010)Īs a public service, the staff of the Federal Trade Commission (FTC) has prepared the following complete text of the Fair Debt Collection Practices Act About the FTC Show/hide About the FTC menu itemsįair Debt Collection Practices Act As amended by Public Law 111-203, title X, 124 Stat.News and Events Show/hide News and Events menu items.Advice and Guidance Show/hide Advice and Guidance menu items.Competition and Consumer Protection Guidance Documents.Enforcement Show/hide Enforcement menu items. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |