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#1886213 - 01/14/14 01:28 PM New Debt Collector Notice?
YHWB Offline
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Joined: Apr 2005
Posts: 636
Out there
On the bank of BofA's mortgage statements, they have added this statement: "BofA is required by law to inform you that this commumication is from a debt collector: If you....." Did the law change to require this of all banks, or is this being added because BofA is collecting debt for others, maybe affiliate companies?

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Lending Compliance
#1886221 - 01/14/14 01:38 PM Re: New Debt Collector Notice? YHWB
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,756
Galveston, TX
They most likely do not own the loan and are trying to cover their butts under the FDCPA.
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#1886223 - 01/14/14 01:43 PM Re: New Debt Collector Notice? YHWB
YHWB Offline
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Joined: Apr 2005
Posts: 636
Out there
That's what I thought. Thanks Richard.

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#1886235 - 01/14/14 02:06 PM Re: New Debt Collector Notice? YHWB
Skittles Online
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Skittles
Joined: Sep 2002
Posts: 13,965
TN
Pssst - it's Randy.
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