H. R. 2704 seeks to amend the Fair Debt Collection Practices Act by introducing a rule that prevents debt collectors from trying to collect debts when the statute of limitations has already expired. This means if a debt is too old under the law, collection agencies cannot...
Simple Explanation
H. R. 2704 is a rule that says if a debt is too old, debt collectors can't try to make people pay it anymore. This makes sure that people aren't bothered about really old debts.