THE PROBLEMS OF LEGAL REGULATION OF COLLECTION ACTIVITIES IN THE RUSSIAN FEDERATION

Abstract

The article discusses the concept of collection activities and analyses their legal regulation by a range of standard acts including On Consumer Loan Act. According to the authors the lawfulness of the transfer of loan agreement claims to collectors stated in the mentioned act is rather doubtful as it is not provided by an effective mechanism of defending the borrower from an undesirable encounter with collection bodies. Some discrepancy has been revealed between the provisions of the On Consumer Loan Act and the Code on Administrative Offences concerning the responsibility for misconduct of collectors working under the agency agreement. Except the case of contact assignment collector’s responsibility is not properly regulated both in event of debt collection under paid service agreement and in preserving bank secret data.