BILL NO | A00035 |
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SAME AS | No Same As |
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SPONSOR | Quart |
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COSPNSR | Epstein, Gottfried, Reyes, Hevesi, Seawright |
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MLTSPNSR | |
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Add 601-b, amd 602, Gen Bus L; amd 94-a, Exec L |
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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. |