But it wasn’t me! — probably the oldest line in the “I’m not responsible for that money” playbook. Usually, it’s less than true, but in some case, particularly involving identity theft, the state of California is coming to the rescue of debtors who may not have incurred the debt in the first place. A new bill which recently passed the House and is moving to the State Senate reduces the time frame for debt collection companies to investigate identity theft disputes.
The California Assembly unanimously passed the Identity Theft Resolution Act Monday. The bill, which the California Association of Collectors supported, outlines how consumers must dispute a debt thought to be the result of identity theft and next steps for debt collection companies. “The debt collector may recommence debt collection activities only upon making a good faith determination that the information does not establish that the debtor is not responsible for the specific debt in question,” the bill states.
And that’s fine and dandy for consumers, but what if your business is owed some dollars by a less than responsible party? Well, that’s when you call in Dean Sperling Law who can help you collect what’s coming to you and resolve the matter with your best interests in mind.
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