The rights of a borrower when his car is repossessed include the right to know if the car is going to be sold at a public auction, depending on state law, the Federal Trade Commission says. Depending on state law, the cr... More »

www.reference.com Government & Politics Law Debt Law

Waiving of homestead rights is an agreement between a borrower and lender to waive the homeowner's statutory homestead rights under state law, according to US Legal. Homestead rights protect a homeowner's equity from cre... More »

Laws governing debt collection rights include a debt collector having to validate any debt the collector is attempting to collect, the Federal Trade Commission says. The law also mandates that a debt collector cannot con... More »

www.reference.com Government & Politics Law Debt Law

FHA rules stipulate that a borrower must wait two years after a Chapter 7 bankruptcy before getting another home loan, but the FHA Back to Work – Extenuating Circumstances Program allows some borrowers to receive loans o... More »

www.reference.com Government & Politics Law Debt Law

The statute of limitations that regulates how long creditors can sue to collect old debts varies by state, according to the Federal Trade Commission. Most states have statutes of limitation that lasts three to six years,... More »

www.reference.com Government & Politics Law Debt Law

On the federal level, the Fair Debt Collection Practices Act protects consumers from certain debt collection practices and sets rules that debt collectors must follow, notes the Federal Trade Commission. Several states h... More »

www.reference.com Government & Politics Law Debt Law

The Fair Debt Collection Act is a federal law that prohibits debt collectors from using deceptive and unfair practices to collect a debt, explains the Federal Trade Commission. A debt collector is someone who regularly c... More »

www.reference.com Government & Politics Law Debt Law