The District of Columbia Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in the District of Columbia to confirm the accuracy and completeness of a stated account by a debtor. This acknowledgment serves as a formal declaration by the debtor that they believe the account statement provided by the creditor is correct. Keywords: District of Columbia, acknowledgment, debtor, correctness, account stated, legal document, accuracy, completeness, formal declaration, creditor. Types of District of Columbia Acknowledgment by Debtor of Correctness of Account Stated: 1. Individual Acknowledgment: This type of acknowledgment is used when an individual debtor, as opposed to a business entity, acknowledges the correctness of the account stated. It is commonly used in situations where an individual owes a debt to a creditor. 2. Business Entity Acknowledgment: This type of acknowledgment is used when a business entity, such as a corporation or partnership, acknowledges the correctness of the account stated. It is commonly used in situations where a business owes a debt to a creditor. 3. Joint Debtor Acknowledgment: This type of acknowledgment is used when there are multiple debtors involved, and they jointly acknowledge the correctness of the account stated. It is commonly used in situations where two or more individuals or business entities owe a debt to a creditor. 4. Notarized Acknowledgment: This type of acknowledgment requires the presence of a notary public who witnesses the debtor's signature and verifies their identity. A notarized acknowledgment adds an extra level of authenticity and can be particularly useful when the account stated is of significant importance or value.
District of Columbia Acknowledgment by Debtor of Correctness of Account Stated
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DC Code Section 48-904.01(a) states that it is illegal for an individual to knowingly make or sell controlled substances. Furthermore, it is just as illegal for an individual to possess controlled substances for the purpose of making or selling controlled substances.
The District of Columbia's general consumer protection law, which prohibits a wide variety of deceptive and unconscionable business practices, is called the Consumer Protection Procedures Act or ?CPPA.? It is codified at DC Official Code §§ 28-3901 to 28-3913.
In finance, consumer protection laws seek to prevent predatory lending, housing discrimination, securities fraud, privacy violations, and other unethical practices.
§ 28?3502. Special promise to answer for debt or default of another.
§ 28?3801. This subchapter applies to actions to enforce rights arising from a consumer credit sale or a direct installment loan.
Account stated refers to a document summarizing the amount a debtor owes a creditor. An account stated is also a cause of action in many states that allows a creditor to sue for payment.
Debt collection. (a)(1) This section applies to conduct and practices in connection with the collection of obligations arising from any consumer debt (other than a loan directly secured on real estate or a direct motor vehicle installment loan covered by Chapter 36 of this title).
With respect to a consumer credit sale or direct installment loan the agreement may provide for the payment by the consumer of reasonable attorney's fees not in excess of 15% of the unpaid balance of the obligation.
