Business debt collection laws
Business debt collection laws Business debt collection laws are legal statutes, which protect businesses in debt against unfair debt recovery practices and vindicate creditors’ and collection agents’ rights during the recovery process. Such laws also regulate and control DCAs’ (Debt Collection Agencies) activities and proceedings throughout the collection process. Commercial debt collection laws generally cover all acts and regulations that apply for business-to-business recovery of bad debts. A business debt is also familiar under the term commercial or corporate debt.