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Financial Services Law Insights and Observations

Oregon amends debt collection statute to expand coverage to debt buyers

State Issues Debt Collection State Legislation

State Issues

On April 3, the Oregon governor signed SB 1553, which amends Oregon’s debt collection laws to provide that a debt buyer (or a debt collector acting on a debt buyer’s behalf) engages in unlawful collection practice if it collects or attempts to collect a debt without providing a debtor, within 30 days of their request, documents which establish the nature and amount of debt.