Troutman Pepper Weekly Consumer Financial Services Newsletter
Troutman Sanders
MAY 9, 2023
Among other things, the bill: (1) caps the rate of interest on medical debt to 3% per annum; (2) requires a debt collector or collection agency collecting on a medical debt to provide the consumer, upon the consumer’s written or oral request, an itemized statement concerning the debt, while allowing the consumer to dispute the validity of the debt (..)
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