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Welcome to the Civil Justice Blog.  The blog highlights current Maryland and/or federal law dealing with such topics as foreclosures, consumer rights, auto-fraud, and other related public interest issues.

"Passive" Debt-Buyers: An Urban Legend

By Civil Justice on Wednesday, March 12, 2014
Maryland law requires debt-buyers who file debt collection lawsuits against consumers to be licensed as collection agencies with the Department of Labor, Licensing, and Regulation.  Earlier this year, two elected officials introduced separate legislation in the Maryland General Assembly that proposed to create a definition within the licensing laws for certain debt-buyers known as “passive debt buyers.”  In response to this potentially negative legislation, Civil Justice joined the team of CJ Network Attorneys and consumer advocates that submitted written and oral testimony in opposition to these bills.  The consumer advocates prevailed in having both bills withdrawn.  Here are a few reasons why Civil Justice opposed these bills:   Active and Passive Debt-Buying is a False Distinction

According to the proposed legislation, a “passive debt buyer means a person who, for investment purposes, acquires a consumer claim in default at the time of acquisition.”  The distinction between “active” and “passive”... Read More » Comments (0)
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