Re: Just a note on SoL's

Posted by WHY CHAT (209.240.198.61) on March 06, 2003 at 14:48:24:

In Reply to: Re: Just a note on SoL's posted by whychat on March 06, 2003 at 12:11:52:

The FDIC Statutes and the FTC have incuded original creditors as "debt collectors" in their interpretations of this law.
( I am WAY too old to go back to Law School)

TITLE 15 > CHAPTER 41 > SUBCHAPTER V > Sec. 1692i.
Prev | NextSec. 1692i. - Legal actions by debt collectors
(a) Venue

Any debt collector who brings any legal action on a debt against any consumer shall -
(1)
in the case of an action to enforce an interest in real property securing the consumer's obligation, bring such action only in a judicial district or similar legal entity in which such real property is located; or
(2)
in the case of an action not described in paragraph (1), bring such action only in the judicial district or similar legal entity -
(A)
in which such consumer signed the contract sued upon; or
(B)
in which such consumer resides at the commencement of the action.
(b) Authorization of actions

Nothing in this subchapter shall be construed to authorize the bringing of legal actions by debt collectors

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