Maine Changes Its State Fair Debt Collection Practices Act

http://www.insidearm.com/news/00041320-maine-changes-its-state-fair-debt-collect/

Come October, Maine’s FDCPA language will be amended/updated via House Bill 753 (LD 1092). Specifically:

These changes will be of especial interest to any agency collecting debt from consumers who reside in Maine.

Per DBA International,

Specifically, the new law:

Requires written payment schedules or settlement agreements be provided to the consumer,
Reaffirms the six year statute of limitations on collection matters,
Prohibits a lawsuit or arbitration proceeding when the debt is beyond the statute of limitations, and
Prevents payments received after the expiration of the statute of limitations to revive or extend the limitations period.

The full text of the amendment can be read here: House Bill 753.