Glossary of Popular Commercial Collection Agency Terms

Glossary of Popular Commercial Collection Agency Terms

Concerning the Glossary

To aid customers throughout the business collection agencies procedure, the Department of customer and employee Protection (DCWP)* created this glossary, which include widely used terms with debt collection communications plus sources (laws and regulations, agencies) necessary for customers to learn.

  • Italicized terms in explanations are defined into the glossary.
  • Unless stated otherwise, all explanations mirror new york regulations and guidelines.
  • This glossary is certainly not meant as legal counsel.

*DCWP is the Agency’s name that is new. In most recommendations, DCWP does mean DCA (Department of customer Affairs), the Agency’s name that is old. Continue reading Glossary of Popular Commercial Collection Agency Terms