Overview

The Fair Debt Collection Practices Act (FDCPA) is a United States statute added in 1978 as Title VIII of the Consumer Credit Protection Act. Of all of the federal regulations, this is the one that is most critical to consider when servicing consumer loans. Clear direction regarding the application of FDCPA and an accurate determination as to which debts are Covered Debts is integral to maintaining a compliant servicing operation. With the AllRegs Fair Debt Collection Practices Act Policy Manual, you will help ensure your company's appropriate communications and related methods helps to reduce claims of harassment or abuse. This manual provides the following benefits:

  • Eliminate abusive, deceptive and unfair debt collection practices by debt collectors in the collection of consumer debts
  • Promote fair debt collection so that those debt collectors who refrain from using abusive debt collection practices are not competitively disadvantaged
  • Provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information's accuracy
  • Promote consistent state action to protect consumers against debt collection abuses

In addition, the AllRegs' Fair Debt Collections Practices Act policy addresses the following topics:

  • Definitions
  • Debts Covered by FDCPA
  • Covered Debt Collectors
  • Acquisition of Location Information
  • Communication in Connection with Debt Collection
  • Prohibited Practices
  • Validation of Debt Notice
  • Multiple Debts
  • Legal Actions
  • Furnishing of Certain Deceptive Forms

Tools

Benefits

The plan features the following benefits:
  • Complete Fair Debt Collection Practices Act Policy Manual, saving you development time and resources
  • A policy manual is delivered via email within one business day after purchase
  • Ability to personalize the plan or manual with your company brand by performing a simple find and replace function
  • Customizable by you, with your internal policies and procedures
  • Ability to add, delete and update your plan to suit the business model of your organization
  • Meet your regulatory or internal compliance requirements
  • Affordable one-time purchase fees

Publishing Services

Publish your manual, including your company procedures, in AllRegs Online as an upgrade to your complete policy manual solution. Ask us how!

Policy Manual

Fair Debt Collection Practices Act (FDCPA) Policy Manual From AllRegs

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