Fair Debt Collection Practices Act (FDCPA): Federal law that regulates debt collection practices, prohibits harassment, false statements, and unfair practices. Requires specific disclosures and sets rules for communication methods and timing.
Fair Credit Reporting Act (FCRA): Federal law governing credit reporting, affecting how debts can be reported to credit bureaus and establishing requirements for accuracy in reporting.
State-Specific Collection Laws: Individual state laws that may require specific language, disclaimers, or have additional requirements beyond federal regulations for debt collection practices.
Statute of Limitations: Time limits for debt collection that vary by state, affecting the legal time frame for collecting debts and actions that might restart the limitation period.
Consumer Financial Protection Bureau (CFPB) Regulations: Federal oversight regulations providing specific requirements for debt collection communications and consumer protection.
Uniform Commercial Code (UCC): Laws governing commercial transactions and commercial debts, providing framework for business-to-business collection activities.
Electronic Signatures in Global and National Commerce Act (E-SIGN): Federal law establishing requirements for electronic communications and signatures in debt collection, relevant when sending demands electronically.
