Jump to content

Illinois - JDBs Must Disclose Purchase Price of Consumer Debt


Recommended Posts

In February 2011, a state appeals court in Illinois ruled in favor of a defendant in a debt collection case. But in its ruling, the three-judge panel wrote that collection agencies filing a lawsuit to collect a claim on a debt buyer’s behalf must include copies of all previous owners, the date of assignment to those owners, and the amount paid by the debt buyer. The case is sure to have an impact on collection suits filed in Illinois, and may provide direction for federal standards.

Link to comment
Share on other sites

In February 2011, a state appeals court in Illinois ruled in favor of a defendant in a debt collection case. But in its ruling, the three-judge panel wrote that collection agencies filing a lawsuit to collect a claim on a debt buyer’s behalf must include copies of all previous owners, the date of assignment to those owners, and the amount paid by the debt buyer. The case is sure to have an impact on collection suits filed in Illinois, and may provide direction for federal standards.

Could you post the case law?

Link to comment
Share on other sites

Could you post the case law?

No. 1-10-0855

UNIFUND CCR PARTNERS, vs MOHAMMAD SHAH, (Feb 1 , 2011) IL appellate court First district, 2nd division

Quote: Justice Maureen E. Conner wrote that state law requires that an affidavit must accompany copies of each assignment to ensure that the person suing someone has the legal right to do so.

Edited by howucan2
Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.