Maine Adopts New Debt Buyer Provisions

June 20, 2017 (Sacramento, CA) – On Friday, June 16, Maine Gov. Paul LePage signed into law HP 836 (LD1199), which added new requirements to the Maine Fair Debt Collection Practices Act for companies that purchase receivables on the secondary market. The law requires debt buying companies to possess specific account-level data and documents prior to collecting a debt and ensures this information is provided to the consumer and court if legal action is pursued.