May 28, 2015 — Maurice Wutscher attorneys Donald Maurice and Thomas R. Dominczyk will give a webinar on June 18, examining the FDCPA risks of collecting statutory prejudgment interest.
According to a decision earlier this month from the Ninth Circuit Court of Appeals, collecting prejudgment interest in California did not violate the Fair Debt Collection Practices Act. The decision, Diaz v Kubler, rejected the debtor’s contention that interest allowed by a California statute could not be collected unless a judgment was first entered.
While the decision brings clarity when collecting prejudgment interest in California, it does not authorize the collection of prejudgment interest under other state statutes.
Absent a federal law controlling the imposition of statutory interest on a debt, these varying state requirements and conditions mean there is no national standard for the collection of prejudgment interest.
The webinar will examine court decisions from around the nation, explore state statutes and answer questions. For more information and to register, click here.