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S07303 Summary:
| BILL NO | S07303A |
| SAME AS | SAME AS A00271-B |
| SPONSOR | PERALTA |
| COSPNSR | OPPENHEIMER, SAVINO |
| MLTSPNSR | |
| 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. | |