- August 9, 2018
- Posted by: U.S. Title Records
- Category: Law update
Critical property law update for debt buyers: The U.S. Court of Appeals (3rd Circuit) agreed with the trial court below that a debt buyer whose main business activity is to purchase and then collect debt is deemed a “debt collector,” not merely a creditor, and is therefore required to comply with all the terms of the Fair Debt Collection Practices Act (FDCPA). Read the full opinion here: http://www2.ca3.uscourts.gov/opinarch/172851p.pdf.
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