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Rules and regulations of ontario collection agencies
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Rules and Regulations of Ontario Collection
Agencies
By James Caron on 2013-04-16 03:45:14
...
When you would have started your business, you might have thought of selling your products
and services and earning huge profits. However, you might not have considered before selling
goods on credit, that there are many customers who do not pay their bills timely and you might
need to hire a professional help.
Ontario is the most populated province in Canada and stands in second in the total area FEATURED STORIES
amongst provinces of Canada. As per the reports and statistics of Ontario Ministry of Consumer
Services, there are increased rates of non-payments of dues on part of consumers because of
their financial setbacks, opposing nature to pay, overspending and dissatisfaction with the
product.
The Ontario debt collection agencies serve as third party due collection bureaus that are
responsible to recover the unpaid amounts on behalf of other companies or individuals. These
are hired and contracted to recover dollars from delinquent accounts.
These authorities can also revert to legal procedures in filing a case against bad debtors
keeping into consideration the federal and legal regulations of the state. They simply need to
notify formally the debtor in written, that they are filing a suit against them as per the law. Seriously Awesome Celebrity Homes
The formal legal summons and compliant documents provides as an ample announcement of
the imminent lawsuit and informs a debtor about the company’s complaints against him/her and
the procession date.
However, it is of vital importance that the summons and the legal notice are delivered as per the
state’s law. The legal procedures are advisable as the last resort after exerting all efforts and
attempts to recover amount unpaid.
The process to be followed on part of organisations-
After receiving the notice, if a debtor disputes on the amount unpaid or the collections
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authority, to which the case is transferred, and suggests matter to be taken out legally, the
authorities can no longer make collection calls to them. A debtor may also send a registered
mail to notify that agency must communicate their lawyer only; Ontario collection agencies
must abide so.
Regulations about threatening
As per the Collections Act, honesty and upfront behaviour is expected on the part of collectors.
If they are convicted of giving misleading or deceiving information to the debtors regarding
amount of debt payable or the dates of law proceedings they may be charged fine or
imprisoned.
They are not permitted to threaten the debtors regarding imprisonment or other legal actions. 10 Actors Who Are Surprisingly Fluent
They are not permitted to profane, use abusive language or coercion techniques to reimburse in Other Languages
the amount.
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2. Communication and penalties
Without the direct consent of a debtor, a collector cannot send more than three letters every
seven days. A collector is required to make phone calls only in appropriate day-time hours so
in working days. Sunday calls, late night calls and early morning calls are regarded as
violations to legislations.
Agencies violating the rules may be charged a fine of even more than $50000 or imprisonment
of up to two years. They may also be required to pay restitution to the debtor.
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