What is the Fair Debt Credit Practices Act (FDCPA) Sec 809?
The FDCPA says that you have thirty (30) days to dispute a debt. If you are in foreclosure, the law firm who is handling the proceeding must give you an initial notice that says they are representing the mortgage company. The letter must state that the exact amount of money you owe and give you the opportunity to make payments to re-instate the loan. They must give this letter BEFORE they initiate foreclosure proceedings and file a public notice. During the thirty days, they must investigate your concerns. You must be notified in writing of their decision. Last, their letter must give you the name, address and telephone number of a work-out department or loss mitigation department at the mortgage company who is handling your loan.
