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