LA City Council Urges Mayor to Enact Debt Collection and Repossession Moratorium

“Monkey see, Monkey do.” Coming soon to a town near you?

In a knee jerk, but well intended, response to the COVID-19 crisis and California’s extended shelter in place order, the Los Angeles City Council unanimously passed a proposal that all debt collection should be halted during the coronavirus crisis. If enacted, other cities will likely follow suit and create the start of an additional layer of collections prohibitions nationwide, complicating an already confusing business landscape.

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