§ 1006.26 - Collection of time-barred debts.  


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  • § 1006.26 Collection of time-barred debts.

    (a) Definitions. For purposes of this section:

    (1) Statute of limitations means the period prescribed by applicable law for bringing a legal action against the consumer to collect a debt.

    (2) Time-barred debt means a debt for which the applicable statute of limitations has expired.

    (b) Legal actions and threats of legal actions prohibited. A debt collector must not bring or threaten to bring a legal action against a consumer to collect a time-barred debt. This paragraph (b) does not apply to proofs of claim filed in connection with a bankruptcy proceeding.

    [86 FR 5854, Jan. 19, 2021]