Assembly Approves Consumer Credit Fairness Act
A bill that would grant greater protection from overly aggressive debt-collection practices passed the state Assembly Monday, and now heads to the Senate.
The Consumer Credit Fairness Act would curb abusive debt collection lawsuits by requiring notice of a pending credit action be mailed to the defendants by the clerk of the court; requiring court filings to include more information about the debt; and reducing the statute of limitations for consumer credit transactions from six years to three.
This article appeared in print on page D22 of edition of Hamodia.
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