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A00271 Summary:

BILL NO    A00271B


SPONSOR    Pheffer (MS)

COSPNSR    Gianaris, Clark, Ortiz, Millman, Robinson, Rivera J, Benjamin,
           Gabryszak, Rivera N, Jaffee

MLTSPNSR   Alfano, Aubry, Barra, Brennan, Cook, Cymbrowitz, DelMonte,
           Englebright, Farrell, Glick, Gottfried, Hooper, Hoyt, Jacobs, Lifton,
           Lupardo, Magee, Magnarelli, Paulin, Perry, Pretlow, Scarborough,
           Towns, Weinstein, Weisenberg

Add S601-a, amd S602, Gen Bus L; amd S553, Exec L

Requires debt collectors to send consumers a written notice of their rights
under state law along with their initial debt collection correspondence; such
notice would contain information such as who and when a principal creditor may
contact a debtor about the debt owed as well as the fact that a principal
creditor cannot disclose information affecting a consumer debtor's reputation
for creditworthiness if the principal creditor knows or has reason to know such
information is false; applies to consumer rather than commercial debts.
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