Federal Debt Collection Procedures Act of 1990
The Federal Debt Collection Procedures Act of 1990 (FDCPA), Title XXXVI of the Crime Control Act of 1990, Pub. L. No. 101-647, 104 Stat. 4789, 4933 (Nov. 29, 1990), is a United States federal law passed in 1990, affecting collection of money owed to the United States government. The FDCPA preempts state remedy laws in most circumstances.[1]
The Act is codified in Chapter 176 of Title 28 of the United States Code, in four subchapters:
- SUBCHAPTER A—DEFINITIONS AND GENERAL PROVISIONS (§§ 3001–3015)
- SUBCHAPTER B—PREJUDGMENT REMEDIES (§§ 3101–3105)
- SUBCHAPTER C—POSTJUDGMENT REMEDIES (§§ 3201–3206)
- SUBCHAPTER D—FRAUDULENT TRANSFERS INVOLVING DEBTS (§§ 3301–3308)
Information
A provision of the Act states that a person or organization indebted to the United States, against whom a judgment lien has been filed, is ineligible to receive a government grant, including disaster loans.[2]
Noncompliance, depending on severity and frequency, may be punished by fine or even incarceration. FDCPA also allows the federal government to reclaim money that was fraudulently transferred.[1][3]
The Federal Debt Collection Procedures Act of 1990 consists of sections 3601 through 3631 of the Crime Control Act of 1990.
References
- ^ a b Della, Mike (January 30, 2013). "Overview of the Federal Debt Collection Procedures Act of 1990". projectdebtrelief.com. Retrieved April 30, 2013.
- ^ "13 CFR 123.14 - How does the Federal Debt Collection Procedures Act of 1990 apply?". vlex.com. January 1, 2011. Archived from the original on May 4, 2013. Retrieved April 30, 2013.
- ^ Petro, Michael (March 18, 2010). "Federal Debt Collection Procedure Act ("FDCPA") Allows Government to Collect Defendant's Restitution From Defendant's Bookie". mjpetro.typepad.com. Retrieved April 30, 2013.
External links
- Debt Collection News
- Debt Collection UK
- SEC. 3601. The "Federal Debt Collection Procedures Act of 1990"
- v
- t
- e
- Consumer Financial Protection Bureau
- Farm Credit Administration
- Federal Deposit Insurance Corporation
- Federal Financial Institutions Examination Council
- Federal Housing Finance Agency
- Federal Reserve Board of Governors
- Financial Stability Oversight Council
- National Credit Union Administration
- Office of the Comptroller of the Currency
legislation
- Independent Treasury Act
- National Bank Act
- Federal Reserve Act
- McFadden Act
- 1933 Banking Act
- Glass–Steagall Act
- Federal Credit Union Act
- Bank Holding Company Act
- Interest Rate Control Act of 1966
- Truth in Lending Act
- Bank Secrecy Act
- Fair Credit Reporting Act
- Home Mortgage Disclosure Act
- Community Reinvestment Act
- Electronic Fund Transfer Act
- Financial Institutions Regulatory and Interest Rate Control Act of 1978
- Monetary Control Act
- Depository Institutions Act
- Competitive Equality Banking Act of 1987
- FIRREA
- FDICIA
- Truth in Savings Act
- Riegle-Neal IBBEA
- Gramm–Leach–Bliley Act
- Fair and Accurate Credit Transactions Act
- Emergency Economic Stabilization Act
- Credit CARD Act
- Dodd–Frank
- EGRRCPA
Federal Reserve
Board regulations
Board regulations
- Extensions of Credit by Federal Reserve Banks (Reg A)
- Equal Credit Opportunity (Reg B)
- Home Mortgage Disclosure (Reg C)
- Reserve Requirements for Depository Institutions (Reg D)
- Electronic Fund Transfer (Reg E)
- Limitations on Interbank Liabilities (Reg F)
- International Banking Operations (Reg K)
- Consumer Leasing (Reg M)
- Loans to Insiders (Reg O)
- Privacy of Consumer Financial Information (Reg P)
- Prohibition Against the Paying of Interest on Demand Deposits (Reg Q)
- Credit by Brokers and Dealers (Reg T)
- Credit by Banks and Persons Other Than Brokers or Dealers for the Purpose of Purchasing or Carrying Margin Stock (Reg U)
- Transactions Between Member Banks and Their Affiliates (Reg W)
- Borrowers of Securities Credit (Reg X)
- Truth in Lending (Reg Z)
- Unfair or Deceptive Acts or Practices (Reg AA)
- Community Reinvestment (Reg BB)
- Availability of Funds and Collection of Checks (Reg CC)
- Truth in Savings (Reg DD)
- Credit union
- Federal savings association
- National bank
- State bank
Category
Business portal- Banks portal
 | This United States federal legislation article is a stub. You can help Wikipedia by expanding it. |
- v
- t
- e
