Fair Debt Collection Practices Act (FDCPA): Federal law that regulates debt collection practices, sets standards for communication with debtors, prohibits harassment and deceptive practices, and requires validation of debts
Fair Credit Reporting Act (FCRA): Federal law governing credit reporting practices and affects how settled debts are reported to credit bureaus
Consumer Financial Protection Bureau (CFPB) Regulations: Federal regulatory framework that provides oversight of debt collection practices and establishes rules for debt collector communications
State Debt Collection Laws: State-specific laws that may impose additional restrictions, requirements, specific language or disclaimers, and varying licensing requirements for debt collectors
State Statute of Limitations: State-specific time limits for collecting debts that affect the enforceability of the debt
Bankruptcy Laws: Federal laws governing bankruptcy proceedings that may affect debt collection and settlement agreements
Uniform Commercial Code (UCC): Standardized set of business laws that regulate financial contracts and transactions across states
State Contract Laws: State-specific laws governing the formation and enforcement of contracts, including settlement agreements
State Consumer Protection Laws: State-specific laws designed to protect consumers from unfair practices in debt collection and settlement
