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A04150 Summary:

BILL NOA04150A
 
SAME ASNo Same As
 
SPONSORQuart
 
COSPNSR
 
MLTSPNSR
 
Add 601-a, amd 602, Gen Bus L; amd 94-a, 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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