Prohibits creditors from enforcing consumer debt incurred through fraud, duress, or identity theft; establishes a right of action for debtors.

New York A03038 prohibits creditors from enforcing consumer debts incurred through fraud, duress, intimidation, threat, force, identity theft, or similar economic abuse. It establishes a right of action for debtors to seek relief against creditors for violations. The bill defines "coerced debt" and outlines the process for debtors to dispute such debts. It also provides for relief, including declaratory judgments and injunctions, for debtors who successfully prove their debts are coerced.

Prohibits creditors from enforcing consumer debt incurred through fraud, duress, or identity theft; establishes a right of action for debtors.

New York A03038 prohibits creditors from enforcing consumer debts incurred through fraud, duress, intimidation, threat, force, identity theft, or similar economic abuse. It establishes a right of action for debtors to seek relief against creditors for violations. The bill defines "coerced debt" and outlines the process for debtors to dispute such debts. It also provides for relief, including declaratory judgments and injunctions, for debtors who successfully prove their debts are coerced.