Date of Delinquency and Other Costly and Misunderstood Dates for Debt Collectors
Convention & Expo 2021 Session: Thursday, July 29, 2021 11:00 AM - 11:50 AM
Rozanne Andersen Esq.
John Bedard Jr.
In the new world of debt collection and the CFPB's return to regulation through enforcement, the need to understand critical dates associated with various aspects of debt collection and data furnishing has never been greater. Understanding the definition of these critical dates along with the methods you must use to calculate these dates and time periods is critical to your compliance with the Fair Debt Collection Practices Act, Regulation F and even the Fair Credit Reporting Act. During this session attendees will join the presenters in a deep dive into the nuances and penalties associated with:- Date of Delinquency under the FCRA- Expiration of the FCRA's 7 year period for credit reporting accounts- Regulation F's new itemization date- Calculations and presumptions regarding dates of receipt for snail mail- Calculations and presumptions regarding dates of receipt for digital communications- Regulation F's calculation of the date the validation period begins- Regulation F's calculation of the date the validation period expires- Calculation of dates associated with the post dated check or payment notice - Calculation of Regulation F's credit reporting notice waiting period