|
|
|
Fair Debt Collection Practices Act
Page: 1
2
3
4
5
6
7
8
9
10
11
12
13
#815.
Reports to Congress by the Commission [15 USC 1692m]
(a) Not later than
one year after the effective date of this title and at one-year intervals
thereafter, the Commission shall make reports to the Congress concerning the
administration of its functions under this title, including such
recommendations as the Commission deems necessary or appropriate. In
addition, each report of the Commission shall include its assessment of the
extent to which compliance with this title is being achieved and a summary
of the enforcement actions taken by the Commission under section 814 of this
title.
(b) In the exercise
of its functions under this title, the Commission may obtain upon request
the views of any other Federal agency which exercises enforcement functions
under section 814 of this title.
#816.
Relation to State laws [15 USC 1692n]
This title does not
annul, alter, or affect, or exempt any person subject to the provisions of
this title from complying with the laws of any State with respect to debt
collection practices, except to the extent that those laws are inconsistent
with any provision of this title, and then only to the extent of the
inconsistency. For purposes of this section, a State law is not inconsistent
with this title if the protection such law affords any consumer is greater
than the protection provided by this title.
#817.
Exemption for State regulation [15 USC 1692o]
The Commission shall
by regulation exempt from the requirements of this title any class of debt
collection practices within any State if the Commission determines that
under the law of that State that class of debt collection practices is
subject to requirements substantially similar to those imposed by this
title, and that there is adequate provision for enforcement.
#818.
Effective date [15 USC 1692 note]
This title takes
effect upon the expiration of six months after the date of its enactment,
but section 809 shall apply only with respect to debts for which the initial
attempt to collect occurs after such effective date.
Approved September
20, 1977
ENDNOTES
1. So in original;
however, should read "604(a)(3)."
LEGISLATIVE HISTORY:
Public Law 95-109
[H.R. 5294]
HOUSE REPORT No.
95-131 (Comm. on Banking, Finance, and Urban Affairs).
SENATE REPORT No.
95-382 (Comm. on Banking, Housing, and Urban Affairs).
CONGRESSIONAL
RECORD, Vol. 123 (1977):
Apr. 4, considered
and passed House.
Aug. 5, considered
and passed Senate, amended.
Sept. 8, House
agreed to Senate amendment.
WEEKLY COMPILATION
OF PRESIDENTIAL DOCUMENTS, Vol. 13, No. 39:
Sept. 20, Presidential statement.
AMENDMENTS:
SECTION 621,
SUBSECTIONS (b)(3), (b)(4) and (b)(5) were amended to transfer certain
administrative enforcement responsibilities, pursuant to Pub. L. 95-473,
# 3(b), Oct. 17, 1978. 92 Stat. 166;
Pub. L. 95-630, Title V. # 501,
November 10, 1978, 92 Stat. 3680; Pub. L. 98-443, #
9(h), Oct. 4, 1984, 98 Stat. 708.
SECTION 803,
SUBSECTION (6), defining "debt collector," was amended to repeal the
attorney at law exemption at former Section (6)(F) and to redesignate
Section 803(6)(G) pursuant to Pub. L. 99-361, July 9, 1986, 100 Stat. 768.
For legislative history, see H.R. 237, HOUSE REPORT No. 99-405
(Comm. on Banking, Finance and Urban Affairs). CONGRESSIONAL RECORD: Vol.
131 (1985): Dec. 2, considered and passed House. Vol. 132 (1986): June 26,
considered and passed Senate.
SECTION 807,
SUBSECTION (11), was amended to affect when debt collectors must state (a)
that they are attempting to collect a debt and (b) that information obtained
will be used for that purpose, pursuant to Pub. L. 104-208 # 2305, 110 Stat.
3009 (Sept. 30, 1996). | | |
As Featured In:
Program Features
- Lower monthly payments up to 57%
- Reduce monthly interest charges
- Consolidate your debts into one easy payment
- Pay off your debt faster
- Simplify your life worry less about money
|
SignUp Requires
- Minimum $2,500 in unsecured debt.
- 2 or more accounts.
- A source of income.
|
|
