New York Temporarily Halts State Debt Collections

The suspension applies to student, medical and other state-referred debt for at least 30 days.

3/17/2020 11:00 AM

NewsStateAdvocacy
New York Temporarily Halts State Debt Collections

Collectors working with consumers on medical and student debt owed to the state of New York are required to suspend collections for at least 30 days in response to the financial impact of the spread of COVID-19.

The suspension is effective immediately and also applies to “other state-referred debt,” according to a news release from New York Attorney General Letitia James and Gov. Andrew Cuomo Tuesday.

After the 30-day period, which ends April 16, 2020, the Office of the New York Attorney General (OAG) will assess the needs of consumers and may issue an extension.

The attorney general is also accepting applications “for suspension of all other types of debt owed to the state of New York and referred to the OAG for collection,” according to the news release.

Interest accrual and collection of fees on outstanding state medical and student debt are suspended until April 16 as well.

ACA International is working with members and consumers to provide resources and workable solutions during the ever-changing situation as a result of COVID-19.

Licensing and compliance resources are available on ACA’s website and this information will be updated as new details become available.

The Consumer Financial Protection Bureau also released a blog offering financial tips while federal, state and local governments work to respond to COVID-19. The CFPB blog includes suggestions  for addressing outstanding debts.

For more information on how the ACA Licensing staff can assist with your licensing needs, please contact us at Licensing@acainternational.org or call (952) 926-6547.


Follow ACA International on Twitter @ACAIntl and @acacollector, Facebook and request to join our LinkedIn group for news and event updates. ACA International members are welcome to submit news items for possible publication to comm@acainternational.org. Visit our publications page for news submission guidelines and subscriptions to ACA Daily, Collector magazine and Pulse.

Advertising is available for companies wishing to promote their products or services. Be sure to visit the ACA Events Calendar on the Education and Training page to view our listing of upcoming CORE Curriculum and Hot Topic seminars featuring critical educational opportunities for your company.


Subscribe to ACA Daily NEWSROOM

New York Temporarily Halts State Debt Collections

Collectors working with consumers on medical and student debt owed to the state of New York are required to suspend collections for at least 30 days in response to the financial impact of the spread of COVID-19.

The suspension is effective immediately and also applies to “other state-referred debt,” according to a news release from New York Attorney General Letitia James and Gov. Andrew Cuomo Tuesday.

After the 30-day period, which ends April 16, 2020, the Office of the New York Attorney General (OAG) will assess the needs of consumers and may issue an extension.

The attorney general is also accepting applications “for suspension of all other types of debt owed to the state of New York and referred to the OAG for collection,” according to the news release.

Interest accrual and collection of fees on outstanding state medical and student debt are suspended until April 16 as well.

ACA International is working with members and consumers to provide resources and workable solutions during the ever-changing situation as a result of COVID-19.

Licensing and compliance resources are available on ACA’s website and this information will be updated as new details become available.

The Consumer Financial Protection Bureau also released a blog offering financial tips while federal, state and local governments work to respond to COVID-19. The CFPB blog includes suggestions  for addressing outstanding debts.

For more information on how the ACA Licensing staff can assist with your licensing needs, please contact us at Licensing@acainternational.org or call (952) 926-6547.


Follow ACA International on Twitter @ACAIntl and @acacollector, Facebook and request to join our LinkedIn group for news and event updates. ACA International members are welcome to submit news items for possible publication to comm@acainternational.org. Visit our publications page for news submission guidelines and subscriptions to ACA Daily, Collector magazine and Pulse.

Advertising is available for companies wishing to promote their products or services. Be sure to visit the ACA Events Calendar on the Education and Training page to view our listing of upcoming CORE Curriculum and Hot Topic seminars featuring critical educational opportunities for your company.


Subscribe to ACA Daily NEWSROOM

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