California Senate Bill 531 amends the Rosenthal Fair Debt Collection Practices Act to require the original creditor or owner of debt to notify a consumer within five days of the sale or assignment of the debt to someone else, provide detailed information about the debt upon written request, notify consumers of their rights to request this information in their first written communication to a debtor, and provide certain disclosures when collecting on time-barred debts; effective July 1, 2022.
