California Expands Scope of State’s Fair Debt Collection Practices Act to Certain Commercial Debts
Click here to listen to the audio On September 24, 2023, Governor Gavin Newsom signed SB-1286 which expands California’s Rosenthal Fair Debt Collection Practices Act (California FDCPA) to apply to certain commercial financial products. Lenders, servicers, and those collecting on their behalf – including attorneys – should pay careful attention to the requirements of the California FDCPA that may apply going forward to some commercial debts. Scope, Licensing, and Applicability SB-1286 modifies the California FDCPA, which applies to entities collecting their own debts, to apply to a “covered commercial debt” which are “entered into, renewed, sold, or assigned on or […]