An Act relative to the collection of debt

This bill, introduced by Senator John C. Velis, permits debt collectors and consumers in Massachusetts to explore alternative payment arrangements. The legislation explicitly allows both parties to consider options other than standard collection methods, though it does not define specific terms for these arrangements. By stating that this permission applies regardless of existing laws, the bill aims to provide flexibility in debt resolution processes. The measure directly affects individuals dealing with debt and the professionals who collect it, offering a legal basis for negotiating payment plans.