Fair Debt Collection Practices Act - FDCPA

Fair Debt Collection Practices Act - FDCPA
A Federal law that limits the behavior and actions of debt collectors who are attempting to collect the debt for another person or entity. The law restricts the means and methods by which they can contact the debtor, as well as the time of day that contact can be made. If violated, suit may be brought within one year to collect damages and attorney fees.

This law does not protect debtors from those who are attempting to collect a personal debt. For example, if you owe money to the local hardware store and the owner of the store calls you to collect that debt, he is not a debt collector under this act. The act applies to third-party debt collectors such as people who work for a debt collection agency. It is designed to protect debtors from harassment by these individuals in the form of threats of arrest or bodily harm if you don’t pay. Collectors can’t imply that they represent law enforcement, nor can they make multiple phone calls daily or call you at work if you refuse to take such calls.


Investment dictionary. . 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Fair Debt Collection Practices Act — (FDCPA) A federal law that prohibits certain debt collection practices, including harassing, abusing, or lying to debtors, contacting third parties about a debt (except in limited circumstances), and contacting debtors at work or at inconvenient… …   Law dictionary

  • Fair Debt Collection Practices Act — The Fair Debt Collection Practices Act (aka FDCPA), usc|15|1692 et seq., is a United States statute added in 1978 as Title VIII of the Consumer Credit Protection Act. Its purposes are to eliminate abusive practices in the collection of consumer… …   Wikipedia

  • Fair Debt Collection Practices Act — (FDCPA)    A federal law that applies to debt collectors working for collection agencies and prohibits unfair debt collection practices, such as lying to and harassing debtors. The law does not apply to creditors collecting their own debts.… …   Business law dictionary

  • Fair debt collection — broadly refers to regulation of the debt collection industry at both the U.S. Federal and state levels of government. At the Federal level, it is primarily governed by the Fair Debt Collection Practices Act ( FDCPA ). In addition, many U.S.… …   Wikipedia

  • debt collector — Debt Collectors take steps to collect payments or otherwise perform similar activities connected with a debt. A licence is required under the Consumer Credit Act 1974 when dealing with non companies in respect or credit or hire agreements not… …   Law dictionary

  • Debt validation — This article is about debt validation under the Fair Debt Collection Act. For debt validation under the Fair Credit Billing Act, see Fair Credit Billing Act. Debt Validation, or debt verification , refers to a consumer s right to challenge a debt …   Wikipedia

  • Debt Collector — A company or agency that is in the business of recovering money that is owed on delinquent accounts. Many debt collectors are hired by companies to which money is owed by debtors, operating for a fee or for a percentage of the total amount… …   Investment dictionary

  • Fair Credit Reporting Act — The Fair Credit Reporting Act (FCRA) is an American federal law (codified at usc|15|1681 et seq.) that regulates the collection, dissemination, and use of consumer credit information. ( [http://www.ftc.gov/os/statutes/031224fcra.pdf Full Statute] …   Wikipedia

  • FDCPA — See: Fair Debt Collection Practices Act Category: Bankruptcy, Foreclosure & Debt → Debt & Collection Agencies Category: Personal Finance & Retirement Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

  • FDCPA — Fair Debt Collection Practices Act (Community » Law) * Fair Debt Collections Practices Act (Community » Law) …   Abbreviations dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”