(credit: CBS)
ST. PAUL, Minn. (AP) — Minnesota’s attorney general is seeking legislation that would force companies that buy bad debts to prove in court that they’re using reliable information when they target debtors for repayment.
Attorney General Lori Swanson announced her proposal Monday. She’s backed by the chairs of the House and Senate judiciary committees.
Swanson says companies that buy old, unpaid debts for pennies on the dollar often obtain default court judgments against the debtors using incorrect or incomplete information. She says debtors frequently aren’t properly informed of court proceedings against them or don’t have resources to represent themselves in court.
The bill would force all debt buyers to establish evidence of the validity and amount of the debt, that the correct debtor is being targeted and that they properly own the debt in question.
(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)




Namaste: Yoga Poses For...
Crews On Scene Of Rescue...
Massive Tornado Rips Through...
Baseball Shots Of The Week –...
Best Summer Dishes
CBS 2013-2014 Prime Time Shows
Batting Practice Buddies
Fire Near Menahga, Minn.
Renderings Of "The Yard" In...
Flash Forward: Concept Cars...
Senate Passes Gay Marriage...
Baseball Shots Of The Week –...
Ice Surging Off Of Lake Mille...
Hundreds Rally At Capitol For...
Best Summer Festivals and...
Baseball Shots Of The Week –...



