Debt: Overview

This folder examines the definition of "debt" under the FDCPA. Whether a "debt" is the subject matter will determine whether the FDCPA applies. Case law and the definition under the FDCPA differentiate consumer debt from business-related debt.
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David A. Szwak
Posts: 1974
Joined: Thu Jul 13, 2006 11:19 pm

Debt: Overview

Post by David A. Szwak »

The FDCPA defines a debt as “any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance, or services which are the subject of the transaction are primarily for personal, family, or household purposes, whether or not such obligation has been reduced to judgment.â€
David Szwak
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Return to “Debt: What Constitutes a "Debt" as Defined by the FDCPA? 15 U.S.C. 1692a[5]”