This unique and thorough guide helps you raise collection rates and reduce costs, while always remaining in compliance with the law.

Completely up-to-date and packed with useful tips and tools, Guide to Credit and Collections Law, 2008 Edition provides clear explanations of the key laws that affect credit and collection. Easy-to-read summaries, plain-English explanations, practical credit-risk guidelines, and model letters and forms make this reference immediately applicable in real-world situations.

Ideally suited for attorneys, credit managers, collections agencies, controllers, treasurers, accounts receivable departments, and debt buyers (among others), Guide to Credit and Collections Law, 2008 Edition will help you:

• Institute reliable compliance and risk management training
• Assess the legitimacy of allegations of consumer protection violations
• Evaluate the performance of collection agencies
• Untangle the mysteries of the bankruptcy law arena
• Stay current on new statutory law and major revisions to existing law
• Properly process unsigned and post-dated checks
• Learn what actions to take when a debtor sells the business and starts a new one
• Succeed in skip-tracing efforts
• Learn how to get the most from a collections call as well as make the right choice between a call and a letter

Table of Contents

1. An explanation in Legal Terminology in a collection case
2. Legal Concepts of Business
3. Legal Remedies for Business Creditors
4. Legal Issues of Consumers
5. Bankruptcy
6. Law Firms and Collection Agencies
7. Checks, Notes and Guarantees
8. Privacy
9. Secured Lending: Real Estate Mortgages
10. Secured Lending: Personal Property
11. Repossession of Property
12. Fair Credit Reporting Act
13. Fair Debt Collection Practices Act
14. Truth in Lending Regulation Z
15. E-Commerce Technology
16. Fair Credit Billing
17. Equal Credit Opportunity Act
18. Skiptracing