U.S. debt collectors must tell delinquent renters about eviction protections
Source: Reuters
WASHINGTON (Reuters) - Debt collectors pursuing Americans for overdue rent must tell them in writing about their rights under a nationwide eviction ban, the U.S. Consumer Financial Protection Bureau (CFPB) said on Monday.
The new interim final rule takes effect on May 3 and seeks to make sure tenants know about protections against eviction under a nationwide moratorium issued by the Centers for Disease Control and Prevention (CDC). That measure, introduced to limit the spread of COVID-19, has been extended to June 30.
"Tens of thousands of tenants and families are being evicted every week, many of whom would have had the right to stay in their home," CFPB Acting Director Dave Uejio told reporters. "The scale of that is hard to wrap your head around."
To forestall eviction, renters must file declarations saying they would become homeless or be forced into a "shared living setting." And they must attest they have done all they can to get government assistance for rent or housing.
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Mon, April 19, 2021, 3:46 PM·2 min read
By Katanga Johnson
Read more: https://news.yahoo.com/u-debt-collectors-must-tell-194633740.html
forthemiddle
(1,373 posts)The debts dont go away, and when the moratorium ends, all that back rent will be due in full.
MichMan
(11,778 posts)PSPS
(13,512 posts)Landlords and others will just have to take a hit or get assistance from the federal government. A global pandemic has undesirable effects that can't be undone like there was never a pandemic. I find it kind of frightening that so many people are still in the denial stage over a year later.
Hugh_Lebowski
(33,643 posts)from their home when the moratorium ends. Many will be sued and I'd guess will often lose in court. Many will then have an eviction on their credit report, making it harder to get housing in the future. If they lose in court they may get their wages garnished and more credit damage from a judgment/lien against them.
I don't think I'm wrong in thinking this could be really f***ed up.
But maybe there's more to the moratorium than I entirely understand.
oldsoftie
(12,410 posts)And you can win in court, I always do, but good luck getting anything from them.
TexasBushwhacker
(20,043 posts)Unless it's an area that has 98% occupancy, having a lot of vacant units is a liability. If there is any possibility of working something out with tenants behind on their rent, the landlords are better off doing that.
I have a coworker who was renting a small old house in a small town outside Houston. Her roommate moved out 6 months ago and she hasn't been able to find another one. She asked the landlady if she wanted her to move out, but LL told her she'd rather have half than nothing.
cinematicdiversions
(1,969 posts)marie999
(3,334 posts)To make them go away you have to file for bankruptcy otherwise your income can be garnished. The only people who are definitely safe are people on Social Security and Va disability plus some pensions. If you work, a certain amount of your take-home pay can be garnished.
Polybius
(15,235 posts)No one's paying $15,000-$20,000 in back rent.