Source: https://collectionagency.info/laws/north-carolina-debt-collection-laws/
Timestamp: 2018-12-12 01:07:32
Document Index: 68441535

Matched Legal Cases: ['§ 58', '§ 58', '§ 58', '§ 58', '§ 58', '§ 58', '§ 58', '§ 58', '§ 58', '§ 75', '§ 75', '§ 75', '§ 75', '§ 75', '§ 75', '§ 75']

North Carolina Debt Collection Laws | Collection Agency | Free Collection Agencies Information
Debt Collections » Laws » North Carolina Debt Collection Laws
In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), North Carolina collection agencies are also regulated by North Carolina debt collection laws. Discover: North Carolina collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus North Carolina collection agency license and bonding information.
Summary of the North Carolina fair debt collection practices laws:
NORTH CAROLINA INTEREST RATE
NORTH CAROLINA STATUTE OF LIMITATIONS |in years|
NORTH CAROLINA BAD CHECK LAWS |NSF|
NORTH CAROLINA COLLECTION AGENCY BONDING and LICENSING REQUIREMENTS
Bond: $5,000 to $50,000
Exemption for out-of-state collectors: Contact state authorities. Unofficially, licensing authorities may allow out-of-state agencies to bypass requirements if they do not solicit in state and/or work for instate clients.
Below is the North Carolina debt collection statute:
§ 58 70 90. Definitions.
(1) “Collection agency” means a collection agency as defined in G.S. 58 70 15 which engages, directly or indirectly, in debt collection from a consumer.
(2) “Consumer” means an individual, aggregation of individuals, corporation, company, association, or partnership that has incurred a debt or alleged debt.
(3) “Debt” means any obligation owed or due or alleged to be owed or due from a consumer. (1961, c. 782; 1971, c. 814, ss. 1 3; 1979, c. 835.)
§ 58 70 95. Threats and coercion.
§ 58 70 100. Harassment.
§ 58 70 105. Unreasonable publication.
§ 58 70 110. Deceptive representation.
§ 58 70 115. Unconscionable means.
§ 58 70 120. Unauthorized practice of law; court appearances.
§ 58 70 125. Shared office space.
§ 58 70 130. Civil liability.
§ 75 50. Definitions.
§ 75 51. Threats and coercion.
§ 75 52. Harassment.
§ 75 53. Unreasonable publication.
§ 75 54. Deceptive representation.
§ 75 55. Unconscionable means.
§ 75 56. Application.
Knowing and abiding to the proper North Carolina debt collection laws is important for both creditors and collection agencies alike. There are debtor’s rights attorneys who are just waiting for creditors or collection agencies to slip up. If you mistakenly violate the North Carolina debt collection laws, you could create a liability for your business and even open yourself up to a expensive lawsuit.
Please note: North Carolina debt collection laws can change over time, and you need to consult with an attorney before you use this information.
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