N.Y. General Business Law 601-B – Large print notices
Current as of: 2023 | Check for updates
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Terms Used In N.Y. General Business Law 601-B
- Communication: shall mean the conveying of information regarding a debt directly or indirectly to any person through any medium. See N.Y. General Business Law 600
- Debt: means any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance, or services which are the subject of the transaction are primarily for personal, family, or household purposes, whether or not such obligation has been reduced to judgment. See N.Y. General Business Law 600
- Debt collector: means an individual who, as part of his or her job, regularly collects or attempts to collect debts:
(a) owed or due or asserted to be owed or due to another; or (b) obtained by, or assigned to, such person, firm or corporation, that are in default when obtained or acquired by such person, firm or corporation. See N.Y. General Business Law 600 - Debtor: means any natural person who owes or who is asserted to owe a consumer claim. See N.Y. General Business Law 600
- Principal creditor: means any person, firm, corporation or organization to whom a consumer claim is owed, due or asserted to be due or owed, or any assignee for value of said person, firm, corporation or organization. See N.Y. General Business Law 600