Relates to the expiration of right to collect consumer credit debt; includes any attempts made by the creditor, third-party purchaser or other authorized third party to collect such debt.
Relates to the expiration of right to collect consumer credit debt; includes any attempts made by the creditor, third-party purchaser or other authorized third party to collect such debt.
Requires interest rates for debts be set to no more than one percentage point greater than the consumer price index for urban wage earners and clerical workers per annum; removes collection fees outside of certain debts owed.