Illinois SB2283 protects debtors from liability for coerced debts and outlines procedures for collection agencies.
Illinois SB2283 amends the Collection Agency Act to ensure debtors are not liable for coerced debts. These are debts incurred through identity theft, fraud, or other non-consensual means. Debtors can assert a coerced debt by providing a written statement to collection agencies, detailing how the debt was incurred. Collection agencies must review these statements within 90 days and cease collection efforts if the debt is deemed coerced.
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.