Special Report on
Minnesota Needs Debt Buyer Regulation
Minnesota Needs Debt Buyer Regulation - Trends
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A bill introduced last week in the Minnesota House of Representatives -- and its companion bill in the Senate -- specifically target debt buyers, placing new guidelines on the collection activity of purchased debt and the verification process used by accounts receivable management firms. The bills, HF2996 proposed by Rep. Joe Mullery of Minneapolis and SF2689 authored by Sen. Ron Latz of St. Louis Park, would require debt buyers filing collection lawsuits to produce an assortment of documents proving that borrowers being sued actually owe the unpaid debts. ARM industry trade association ACA International said last week in an ...
Information you obtain from this web site is not legal advice, and it is not intended to be. You should consult an attorney for individualized advice regarding your own situation. No attorney-client relationship is formed by viewing this web site. Caveat Emptor seeking justice for consumers Minnesota Representative Joe Mullery and Senator Ron Latz recently introduced a bill that would prevent debt buyers from filing a lawsuit without the ability to prove they have the right to collect a debt . Why the need for the rule? Debt buyers and collectors file tens of thousands of lawsuits against ... Read More
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MINNESOTA NEEDS DEBT BUYER REGULATION
House Session 2010-04-14 (10:03:38-10 ...
House Session 2010-04-15 (20:08:18-21 ...
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