BILL ANALYSIS AB 969 Page 1 Date of Hearing: May 10, 1999 ASSEMBLY COMMITTEE ON BANKING AND FINANCE Louis J. Papan, Chair AB 969 (Papan) - As Amended: April 29, 1999 SUBJECT : Robbins-Rosenthal Fair Debt Collection Practices Act, additional provisions. SUMMARY : Incorporates by reference selected provisions from the Federal Debt Collection Act. Specifically, this bill : 1)Incorporates by reference provisions of the Federal Debt Collection Act relating to: acquisition of location information; communication in connection with debt collection; harassment or abuse; false or misleading representations; unfair practices; validation of debts; multiple debts; legal actions by debt collectors; and furnishing certain deceptive forms. 2)Excludes from the requirements, relating to initial disclosures and validation of debts, any officer or employee of a creditor while, in the name of the creditor, collecting debts for such creditor and any person while acting as a debt collector for another person, both of whom are related by common ownership or affiliated by corporate control. 3)For violation of the fair debt collection procedures, subjects debt collectors to the remedies of actual damages and up to $1,000 for an individual and/or for violation affecting a class composed of numerous debtors actual damages and up to $500,000 or 1% of net worth together with costs of suit and attorney's fees to the prevailing plaintiff(s). 4)Creates a one year statute of limitation commencing on the date of violation. EXISTING LAW: California law has few reasonable remedies for aggrieved persons. Under California law debt collectors can avoid liability for egregious conduct, e.g., "a debt collector shall have no civil liability under this title if, within 15 days either after discovering a violation which is able to be cured, or after the receipt of a written notice of such violation, the debt collector notifies the debtor of the violation, and makes whatever adjustments or corrections are AB 969 Page 2 necessary to cure the violation with respect to the debtor." And "a debt collector shall have no civil liability to which such debt collector might otherwise be subject for a violation of this title, if the debt collector shows by a preponderance of evidence that the violation was not intentional and resulted notwithstanding the maintenance of procedures reasonably adapted to avoid any such violation." In addition California law does not provide for a class action. FISCAL EFFECT : Minor COMMENTS : Because of our current law violations are honored more in the breach than the observance and there are no meaningful incentives for debt collectors to comply. In addition, as demonstrated by a recent pattern of conduct by a major national retailer in fraudulently inducing debtors to validate debts after bankruptcy, absent the threat of a class action, there is no incentive to abort an illegal continuing course of conduct. REGISTERED SUPPORT / OPPOSITION : Support Attorney General Consumers Union Opposition None received Analysis Prepared by : William C. George / B. & F. / (916) 319-3081