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Tuesday, January 31, 2012


Ted Mermin

And, to round out the banner day for debt collection reform, the California state senate approved SB890, the Fair Debt Buyers Practices Act, which -- similar to the new Maryland rules -- would require debt buyers to provide documentary evidence establishing that they have the right person and the right debt before obtaining a default judgement and garnishing wages and levying bank accounts.
Anyone with the stomach for it can watch the drama (SB 890 begins at ~50:20).

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