Fair Debt Collection Practices Act (FDCPA): Federal law that regulates debt collection practices and prohibits abusive, unfair, and deceptive practices in the collection of consumer debts
Fair Credit Reporting Act (FCRA): Federal law governing the collection, dissemination, and use of consumer credit information, including how debt payment information is reported to credit bureaus
Consumer Credit Protection Act (CCPA): Federal law that protects consumers in credit transactions and regulates wage garnishment practices
Truth in Lending Act (TILA): Federal law requiring clear disclosure of lending terms and costs to protect consumers in credit transactions
Electronic Funds Transfer Act: Federal law governing electronic payment systems and transfers, relevant if the payment plan includes electronic payments
State Debt Collection Laws: State-specific regulations that may impose additional requirements or restrictions beyond federal laws for debt collection practices
State Usury Laws: State-specific laws that regulate maximum interest rates and related charges that can be imposed on debts
State Consumer Protection Laws: State-specific laws designed to protect consumers from unfair practices in debt collection and credit arrangements
State Statutes of Limitations: State-specific time limits for bringing legal action to collect a debt
Uniform Commercial Code (UCC): Standardized state laws governing commercial transactions, particularly Article 3 (Negotiable Instruments) and Article 9 (Secured Transactions)
Bankruptcy Code: Federal laws governing bankruptcy proceedings that may affect the enforceability of payment plans if the debtor files for bankruptcy
CFPB Regulations: Consumer Financial Protection Bureau guidelines and requirements for debt collection practices and communication with debtors
