Description
Ensure your office is prepared avoid pastdue accounts from building up and hindering the flow of crucial revenue in your office.
Companies need to know what they can do to collect on debts and what they cannot do when collecting debts to prevent lawsuits based on the current fair debt laws. By knowing the law and the prohibited practices when collecting on a debt, you can save your company the expense of defending a lawsuit and the possible damages you may have to pay the consumer. Additionally, you will learn how the legal process of suing on debts can increase recoveries by obtaining money judgments and, most importantly, collecting those judgments.
Date: 2023-04-25 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to describe the Fair Debt Collection Practices Act, Fair Credit Reporting Act, and the Telephone Consumer Protection Act.
* You will be able to explain how a violation under Fair Debt Collection Practice Act, Fair Credit Reporting Act, and Telephone Consumer Protection Act could impact your company.
* You will be able to discuss how the legal process can improve your recoveries.
* You will be able to review generally the actions you cannot take when collecting on a debt under the Fair Debt Collection Practices Act.