Uniform Debt Buying Act in the Works?

At JD Supra, a number of attorneys, including Sam's and my former colleague Glen Trudel, ask "Is a Uniform Debt Buying Code on Its Way?"  The post discusses the formation of a new Uniform Law Commission (ULC, also known as the National Conference of Commissioners on Uniform State Laws) committee on "Transfer and Recording of Consumer Debt."

The Uniform Law Commission (ULC, also known as the National Conference of Commissioners on Uniform State Laws), develops and formulates uniform laws which are often adopted by all or a vast majority of the states. It has been involved in the codification of (among many other widely-adopted statutes) the Uniform Commercial Code.

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