Illinois HB3352 exempts debtors from liability for coerced debt and outlines procedures for collection agencies.
HB3352 amends the Collection Agency Act to exempt debtors from liability for coerced debt, defined as debt incurred due to identity theft, fraud, duress, or coercion. Debtors can assert they have incurred coerced debt by providing a statement to a collection agency. The statement must include the debtor's contact information and facts describing how the debt was incurred, supported by specified documentation. Upon receiving a complete statement, collection agencies must cease collection activities, notify the debtor, and request additional information if needed.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.