An Act relative to fairness in debt collection

This bill creates a new chapter in Massachusetts law to regulate how creditors and debt collectors handle consumer debts, explicitly excluding residential mortgages and common housing fees from its scope. It establishes clear definitions for key terms such as debt buyers, debt collectors, and consumer form contracts to ensure consistency in enforcement. By defining what constitutes exempt property and earnings, the legislation aims to provide specific protections against wage garnishment and asset seizure for individuals. The act seeks to standardize debt collection practices by clarifying the legal boundaries between legitimate collection efforts and prohibited actions.