Bill > S663

This bill proposes the "Debt Collection Fairness Act" which aims to provide greater protections for consumers with regards to debt collection practices. The key provisions include: - Exempting a portion of a consumer's earnings from garnishment to satisfy a judgment for a consumer debt, with the ability for the consumer to claim additional exemptions in cases of undue financial hardship. - Limiting the statute of limitations for the collection of consumer debts to 4 years. - Prohibiting the issuance of capias or warrants to compel a consumer's attendance at supplementary proceedings related to a consumer debt, and barring imprisonment for failure to pay a consumer debt. - Capping the interest rate on judgments for consumer debts at 6% per annum and limiting attorney's fees for the prevailing party. - Providing consumers the ability to recover reasonable attorney's fees if they prevail in an action to collect a consumer debt. - Applying these protections to consumers whose place of employment is in Massachusetts, even if the employer is headquartered elsewhere.

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https://malegislature.gov/Bills/192/S663