Court Rules Electronic Records Are Sufficient Proof for Debt
Buyers|Collections & Credit Risk
The court held that debt buyers must prove they have the right to collect
on debts and the amount owed by consumers based on electronic business
records, data files or copies documenting ownership and containing consumer
names or account numbers and last billing statements.

In doing so, the court concluded that while the actual assignment documents
may not specifically reference discrete consumer account information and
debt buyers may not alert consumers that their debt was purchased and
assigned, the validity of assignment and, thus, evidence of ownership is
not affected.

 http://bit.ly/N8qCfs

Source:
http://www.collectionscreditrisk.com/news/court-rules-electronic-records-are-sufficient-proof-for-debt-buyers-3017219-1.html
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