What is a Creditor Bill of Rights?
A Creditor Bill of Rights is a set of laws in Maryland that protect creditors from abusive collection practices by debt collectors. The law ensures that creditors are treated fairly and protects them from certain types of debt collection practices. It also provides information on the rights and responsibilities of both creditors and debt collectors. Under the Law, debt collectors are prohibited from harassing or abusing creditors. They are not allowed to use threats of violence, obscene language, or false or deceptive practices when trying to collect a debt. They must also identify themselves when contacting a creditor and are prohibited from calling before 8 am or after 9 pm. The Law also states that debt collectors must provide creditors with written proof that they are legally authorized to collect a debt. They must also provide creditors with detailed information about the debt, such as the name, address, and phone number of the original creditor, as well as the amount owed. Overall, the Creditor Bill of Rights in Maryland is designed to protect creditors from unfair and abusive collection practices. It ensures that creditors are given the information they need to understand their rights and responsibilities, and it provides a set of laws that debt collectors must follow.
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