TELESEMINAR: Understanding the Law of Debt Collection for Businesses, Part 2 – A National Perspective
August 21, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours
Debt collection activities are highly regulated by federal law which covers not merely traditional debt collection agencies but also creditors and individuals and entities – including lawyers and law firms – acting on the behalf of creditors to collect the debt. The Fair Debt Collection Practices Act imposes substantial restrictions on what persons and entities trying to collect debts can say and do to debtors. Both the form and the substance of their communications are restricted. Failure to comply with the FDCPA can result in substantial financial liability for both the collector and the creditor. This program will provide you with a practical guide to the law of debt collection, how it applies to lawyers, law firms and the businesses they represent, and best practices for avoiding liability. Part 2 of 2.
- Financial liability for those seeking to collect debt, including vicarious liability of creditors for actions of collectors
- Unfair, deceptive and unconscionable practices
- Special issues for lawyers and law firms acting as debt collectors for clients
- Relationship of federal law to state law
- Best practices to avoid liability for businesses, lawyers, and law firms
Manuel H. Newburger, Barron & Newburger, P.C., Texas