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.

Sample NYC Debt Collection Disclaimer:

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:

  1. the use or threat of violence;
  2. the use of obscene or profane language; and
  3. 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:

  1. Supplemental security income (SSI);
  2. Social security income;
  3. Public assistance (welware);
  4. Spousal support, maintenance (alimony) or child support;
  5. Unemployment benefits;
  6. Disability benefits;
  7. Workers' compendation benefits;
  8. Public or private pensions;
  9. Veterans benefits;
  10. Federal student loans, federal student grants, and federal work study funds; and
  11. Ninety (90%) of wages or salary earned in the last sixty days.

Need to get out of debt in NYC?

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.

Contact Our Firm

Have questions? Fill out the information below to receive an immediate response.

Submit Your Message
New York Debt Collection Defense Attorney

Office Location:

Law Office of Simon Goldenberg, PLLC
New York Debt Collection Defense Attorney
818 E 16th Street,
Brooklyn, NY 11230
Local Phone: 347.389.0245
Directions [+]

Call for a free consultation

888.301.0584

Follow Us On:

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.