These emergency provisions are to remain in effect for the ninety (90) days following the effective date of this regulation or until the State of Emergency Period expires, whichever occurs first.
*As an update, this amendment has been submitted to the state’s Secretary of State for adoption. While not enacted yet, Massachusetts, home of Senator Elizabeth Warren, has collections and repossession laws that in many cases exceed those of even California and there is no reason to believe that this will not be enacted.
27 March 2020 – The state of Massachusetts Attorney General has enacted a large number of emergency debt collection provisions regulating what collections actions, basically eliminating all third party collections efforts, stating, “Under the present circumstances, certain practices by creditors and debt collectors are unfair and deceptive and violate the Massachusetts Consumer Protection Act.” There are however, some strikingly odd exceptions to what types of debts are can be called.
State of Massachusetts Bans All Third-Party Collections and Repossession Activity – Credit Union Collections – Delinquency – Foreclosure – Repossession
More Stories
Auto Lending Accelerates as Borrower Credit Quality Slips
After the Repo: When Does a Credit Union Finally Admit the Loss?
Auto Lending Is Moving Down the Credit Risk Ladder – Collections and Repo May Follow
Holmes Motors to Pay $137,000 Over Alleged Violations of Servicemembers’ Vehicle Lease Rights
Credit Unions Can Now Share More Fraud Intelligence Than Ever Before
Feds Charge 83-Year-Old Woman in Alleged $10 Million Auto Lending Ponzi Scheme