Collecting Out-of-Statute Debt - MP3 - 4/15
Collecting Out-of-Statute DebtRecorded: April 28, 2015
As federal and state regulator interest in the collectability of out-of-statute accounts continues to grow, it's more important than ever to understand how to determine what statute of limitation applies and when.
Additionally, the CFPB debt collection exam manual specifically refers to collection agency policies and procedures related to collecting debts beyond the statute of limitations, meaning this is an area of importance. Listen to this teleseminar and learn:
- How to determine what statute of limitation applies (debt type, and what state law applies)
- Can you collect on time-barred debts?
- Are there any special requirements to collecting time-barred debts and if so what are the risks?
- If so, must the collector provide a disclosure/disclaimer to the consumer that the debt is out of statute?
Who should attend:
Collection agency owners, managers, general counsel, defense counsel, trainers and collectors.
How you will benefit:
Learn which statute to apply and the risks associated when collecting out-of-statute debt.
June Coleman, Esq., Shareholder, Kronick Moskovitz Tiedemann & Girard, Sacramento, Calif.