Enforcement Grace Period Expected For Amendments To New York City Debt Collection Regulations Adding Language Proficiency Requirements

Ballard Spahr LLP
Contact

Ballard Spahr LLP

ACA International has reported that after discussions last week with the New York City Department of Consumer Affairs (DCA), the DCA is expected to announce a 60-day enforcement grace period for the new requirements relating to consumers’ language proficiency that were recently added to NYC’s existing debt collection regulations.  The new requirements currently are set to take effect on June 27, 2020.

NYC’s existing debt collection regulations apply to creditors collecting their own debts, as well as third-party collection agencies.  Accordingly, several of the new requirements appear to have implications for creditors and debt collectors alike with respect to any collection activities involving NYC consumers.  To satisfy the new requirements, “debt collectors” (defined to include both creditors and collection agencies) must request, record, and retain, to the extent reasonably possible, a record of the language preference of each consumer from whom the debt collector attempts to collect a debt.

 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ballard Spahr LLP | Attorney Advertising

Written by:

Ballard Spahr LLP
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Ballard Spahr LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide