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Real Estate & Property Law

: The Home Equity Theft Reporter

"Zombie Debt" Buyers Now Required To Produce Documentation Tracing Their Ownership As Part Of Collection Lawsuits Brought In NC Under New State Law

By r morris

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In Raleigh, North Carolina, the Asheville Citizen Times reports:Companies that buy up unpaid debt and pressure consumers to pay it off are being targeted under a new state law that requires them to prove the people they're chasing actually owe them money. Supporters say the regulations appear to be the first in the nation to target debt buyers.***Advocates who pushed for the regulations on debt

Full post as published by The Home Equity Theft Reporter on September 11, 2009 (boomark / email).

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