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OREGON DEBT BUYER LAW CONFIRMS EXTENSIVE VALIDATION REQUIREMENTS

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On April 3, 2018, Oregon's governor signed S.B. 1553 which makes an important clarification to the debt buyer law passed last year.  The amendment confirms that the debt validation requirement only applies to debt buyers and debt collectors collecting purchased debt; the validation requirement does not apply to collectors servicing debt on behalf of the original/pre-default creditor.


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