New York City Debt Collection Regulations
When collecting debts from residents of New York City, some collectors
will include disclaimers provided by the New York State Department of
Financial Services. For example, when Cavalry Portfolio Services collects
on behalf of debt buyer
Cavalry SPV I, they sometimes include a disclaimer similar to below.
Debt Collector, in accordance with the Fair Debt Collection Practices Act, 15 U.S.C.
1692 et seq., is prohibited from engaging in abusive, deceptive, and
unfair debt collection efforts, including but not limited to:
- the use or threat of violence;
- the use of obscene or profane language; and
- repeated phone calls made with the intent to annoy, abuse, or harass
Regulation of the New York State Department of Financial Services requires
us to tell you:
If a creditor or debt collector receives a money judgment against you in
court, state and federal laws may prevent the following types of income
from being taken to pay the debt:
- Supplemental security income (SSI);
- Social security income;
- Public assistance (welware);
- Spousal support, maintenance (alimony) or child support;
- Unemployment benefits;
- Disability benefits;
- Workers' compendation benefits;
- Public or private pensions;
- Veterans benefits;
- Federal student loans, federal student grants, and federal work study funds; and
- Ninety (90%) of wages or salary earned in the last sixty days.
Our attorneys help people find solutions to their debt problems. With offices
in Brooklyn, Manhattan, and Long Island, we are conveniently located around
the New York City area. Contact us for a free evaluation to help determine
your options for debt relief.
Learn how we can help. Call
888.301.0584 today to request your
free initial evaluation.