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What is NYC AC § 20-493.2?

Quick Answer

This section outlines prohibited practices for debt collection agencies, including restrictions on contacting consumers regarding debts after verification requests and on debts where the statute of limitations has expired. The statute is enforced by the Department of Consumer and Worker Protection (DCWP). Applies to debt collection agencies operating in New York City.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 20-493.2 Prohibited collection practices.

AC § 20-493.2

In addition to any practices prohibited under any federal, state or local law, a debt collection agency shall not: a. Attempt to collect or contact a consumer regarding a debt after such consumer requests verification for such debt until such agency furnishes such consumer written documentation identifying the creditor who originated the debt and itemizing the principal balance of the debt that remains or is alleged to remain due and all other charges that are due or alleged to be due; b. Contact a consumer about or seek to collect a debt on which the statute of limitations for initiating legal action has expired unless such agency first provides the consumer such information about the consumer's legal rights as the commissioner prescribes by rule.

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