West Virginia HB4651 amends debt collection practices to clarify permissible fees and communication requirements.

West Virginia HB4651 amends the state's consumer credit protection laws to clarify permissible fees and communication requirements for debt collectors. It allows the collection of interest or fees on debts when authorized by agreement or statute. It also mandates specific disclosures in written communications to consumers regarding the age of the debt and the statute of limitations. Additionally, it limits the recovery of attorney's fees and collection costs to 33 and one-third percent of the amount due on educational loans.

West Virginia HB4651 amends debt collection practices to clarify permissible fees and communication requirements.

West Virginia HB4651 amends the state's consumer credit protection laws to clarify permissible fees and communication requirements for debt collectors. It allows the collection of interest or fees on debts when authorized by agreement or statute. It also mandates specific disclosures in written communications to consumers regarding the age of the debt and the statute of limitations. Additionally, it limits the recovery of attorney's fees and collection costs to 33 and one-third percent of the amount due on educational loans.