Debt Collectors Beware: Are You Seeking to Collect A Time Barred Debt?

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Debt collectors can be liable for actual and statutory damages under the Fair Debt Collection Practices Act and the Florida Consumer Collection Practices Act for seeking to collect a time barred debt. As such, understanding the applicable statute of limitations and when it accrues with respect to collecting consumer debts is an important first step in any collection activity.

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Published In: Business Organization Updates, Business Torts Updates, Finance & Banking Updates

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.

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