**I am trying to learn what the meaning of these two paragraphs mean from the FDCPA. I am trying to figure out if if these rules apply to someone who has contacted about money that they claim that I owe them.
This is the website:http://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-debt-collection-practices-act-text#803. I am having difficulty with number 6 (and F); what they are defining “debt collector” as I am not completely sure. This is what number 6 and (F) says:**
**"(6) The term “debt collector” means any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the collection of any debts, or who regularly collects or attempts to collect, directly or indirectly, debts owed or due or asserted to be owed or due another. Notwithstanding the exclusion provided by clause (F) of the last sentence of this paragraph, the term includes any creditor who, in the process of collecting his own debts, uses any name other than his own which would indicate that a third person is collecting or attempting to collect such debts. For the purpose of section 808(6), such term also includes any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the enforcement of security interests…
(F) any person collecting or attempting to collect any debt owed or due or asserted to be owed or due another to the extent such activity (i) is incidental to a bona fide fiduciary obligation or a bona fide escrow arrangement; (ii) concerns a debt which was originated by such person; (iii) concerns a debt which was not in default at the time it was obtained by such person; or (iv) concerns a debt obtained by such person as a secured party in a commercial credit transaction involving the creditor."**
**This is what I have so far in an effort to make sense of it:
**6. It means anyone who uses any part of interstate commerce or the mail of any business for collection of a debt, or who regularly attempts to collect debts owed (or claimed to be owed). (F) is not included in this, but “debt collector” includes any creditor who in trying to collect his own debts, uses a name other then his own which would make it seem like a third party is trying to collect the debt. For the purpose of what they are not allowed to do, the term “debt collector” includes anyone who uses any part of interstate commerce or the mail in a business for which the purpose is the enforcement of security interests.
(F)These are not included in the term: debt collector
- A debt collector that made a deal based on a trustee done in good faith
2A debt collecter that made an arrangement who’s money is held conditionally. done in good faith
- Concerns a debt that was originated by such a person
- Concerns a debt which was not in defaulted on at the time,
Am I close? Even if I am right about (F) I still don’t comprehend exactly what it is saying.