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September 2014 Archives

New Rules On New York State Default Judgments Imminent: Major Changes for Credit Card Accounts Sold to Debt Buyers

The New York State Court of Appeals has finalized rules requiring buyers of credit card debt to prove they own the accounts, and has added additional notice requirements for consumer credit lawsuits. The court clerk will be mailing a notice of a consumer credit lawsuit, in addition to the notices the creditor must serve or mail.

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