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PostPosted: Tue Oct 10, 2006 2:33 am 
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Joined: Tue Aug 08, 2006 10:54 am
Posts: 118

Division of Credit Practices
Bureau of Consumer Protection

September 16, 1993

Mr. J.R. Zepkin, Lecturer
P.O. Box 452
Williamsburg, VA 23187-0452

Dear Mr. Zepkin:

This is in reply to your letter of August 16, 1993 concerning whether a debt collector is covered by the Fair Debt Collection Practices Act while collecting the debt collector's own debts (as a creditor) in its own name.

The answer to your question is both yes and no. The debt collector is still covered by the Act with respect to debts it collects for others; however, the creditor exemption immunizes the debt collector from the Act's applicability with respect to its own debts which it collects in its own name. Thus, an attorney-debt collector does not have to furnish a validation notice when sending a demand letter concerning debts that originated with the attorney.

The Commentary's comment on Section 811 refers to situations where the debt collector has been assigned an account by a creditor solely for the purpose of collecting it (or suing upon it) in its own name, but whatever recovery is obtained is ultimately returned to the creditor. See the exception in Section 803(4), "Definition of Creditor."

I hope this has been helpful.


John F. LeFevre

David Szwak
Chairman, Consumer Protection Section, Louisiana State Bar Association
Bodenheimer, Jones & Szwak
509 Market Street, 7th Floor
Mid South Tower
Shreveport, Louisiana 71101
Fax 318-221-6555

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