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What Can A Debtor Do If They Believe A Creditor Violated The Law?

The debtor has the right to sue a creditor in a state or federal court within one year from the date the debtor believes the law was violated. If debtor wins, they may recover money for the damages they suffered. Court costs and attorney`s fees also can be recovered. A group of people also may sue a creditor and recover money for damages up to $500,000, or one percent of the creditors net worth, whichever is less.

Other Nevada Collections-Creditors Rights FAQs

Q: Who Is A Debt Collector Or Collection Agency?
A: A debt collector is any person or agency, other than the creditor, who regularly collects debts owed to others. Under a 1986 amendment to the Fair Debt Collection … More
Q: Can A Creditor Close A Joint Account Because Of A Divorce?
A: By law, a creditor cannot close a joint account because of a change in marital status, but can do so at the request of either spouse. A creditor, however, does not … More
Q: What Must Creditors Tell The Debtor About Their Debts?
A: Within five days after the debtors are first contacted, the creditor must send a written notice telling the amount of money the debtor owes; the name of the creditor … More

Collections-Creditors Rights Sub-categories

Chex Systems
Collections
Creditor Remedies in Bankruptcy
Debt Collections
Enforcement of Judgments
Fair Credit Reporting Act
Fair Debt Collection Practices Act

Identity Theft
Judicial Remedies
Mortgage Foreclosure
Non-Judicial Remedies
Secured Transactions
Types of Creditors