Bob Hobbs and Chi Chi Wu of the National Consumer Law Center have drafted a model debt collection law that they call the Model Financial Protection Act. Read the Act here, including an 8-page introduction explaining the need for the legislation. Here's the Act's basic structure:
Title I of the Model Family Financial Protection Act protects consumers from the most common abuses in the credit and collections industries, restoring balance to an increasingly lopsided system of justice. While Title I ensures that consumers receive basic protections as creditors pursue judgments, Title II modernizes the personal and Model Family Financial Protection Act residential property shielded from debt collectors once a judgment has been obtained, allowing families a chance to get back on their feet after a period of financial hardship.
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Posted by: Dorothy Hodges | Saturday, July 28, 2012 at 01:02 AM