| Title: | Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt |
| Subject: | FDCPA |
| Agency: | CFPB |
| Status: |
Advisory opinion
|
| Summary: |
The Consumer Financial Protection Bureau (CFPB) is issuing this advisory opinion to affirm that the Fair Debt Collection Practices Act (FDCPA) and its implementing Regulation F prohibit a debt collector, as that term is defined in the statute and regulation, from suing or threatening to sue to collect a time-barred debt. Accordingly, an FDCPA debt collector who brings or threatens to bring a State court foreclosure action to collect a time-barred mortgage debt may violate the FDCPA and Regulation F. |
| FR Doc: | 2023-09171 |
| Date proposed: | |
| Comments due date: | |
| Effective date: |
May 1, 2023 |
| Rule compliance date: | |
| Agency release: | |
| Related Reg Report item(s): |