LIEB BLOG

How current events impact business & real estate

Wednesday, November 10, 2021

It's Official, Unlawful Debt Collection Practices Will Not Be Tolerated!

As you may recall, a proposed bill (A2382) was submitted to Gov. Hochul last month, seeking to amend the CPLR & Judiciary Law concerning predatory debt collection practices & consumer actions, as discussed in our blog here.


On November 8, 2021, Gov. Hochul signed bill A2382 into law. 


"When bad actors try and take advantage of consumers, New York will fight back. I'm proud to be signing legislation that will protect New Yorkers from unscrupulous practices by debt collectors and utility companies."  -Gov. Hochul. 


This is huge news considering the new legislation will undoubtedly protect debtors from abusive debt collection practices. 


How big of an impact will this new legislation have on overall debt collection practices in New York? 


Stay tuned....




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