An Act relative to the collection of debt

This bill allows debt collectors and creditors in Massachusetts to offer consumers the option of paying off debts using postdated checks or similar financial instruments. Under the new provision, these collectors can negotiate the terms of such payment instruments before their due dates without it being considered an unfair or deceptive practice. The law specifically applies to debt collectors and creditors as defined by existing state regulations, giving them a new method to facilitate debt repayment.