Debt Recovery Practice

Debt Collection Practice - Debt Collection Practice encompasses the methods and procedures employed by creditors and collection agencies to recover overdue debts from borrowers. These practices must comply with relevant laws and regulations to ensure ethical and legal collection efforts.

Class Information

JSON JSON-LD OWL XML Markdown

Identification

IRI: https://folio.openlegalstandard.org/RBPXnmHenr0ep7iAzjk9Yhn
Label (rdfs): Debt Collection Practice
Preferred Label: Debt Recovery Practice
Alternative Labels: N/A
Identifier: N/A

Definition and Examples

Definition: Debt Collection Practice encompasses the methods and procedures employed by creditors and collection agencies to recover overdue debts from borrowers. These practices must comply with relevant laws and regulations to ensure ethical and legal collection efforts.
Examples: N/A

Translations

N/A

Class Relationships

Sub Class Of: Settlement, Demand, and Collection Practice
Parent Class Of: N/A
Is Defined By: N/A
See Also: N/A

Additional Information

Comment: N/A
Description: N/A
Notes: N/A
Deprecated: False

Metadata

History Note: N/A
Editorial Note: N/A
In Scheme: N/A
Source: N/A
Country: N/A

Graph