Which document lays out the rights of debtors in Michigan regarding debt collection?

The accurate answer is the Michigan Collection Practices Act. This document specifically outlines the rights of debtors in Michigan concerning debt collection practices. It is tailored to address local circumstances and legislative nuances pertinent to debt collection within the state, providing debtors with specific protections against abusive practices by collectors.

While the Fair Debt Collection Practices Act (FDCPA) is a federal law that sets standards for debt collection nationwide, it does not specifically address state-specific rights or practices; it serves as a broader guideline applicable across the United States. The Michigan Collection Practices Act builds upon the principles established by the FDCPA while also incorporating provisions unique to Michigan law.

The Consumer Credit Protection Act encompasses various consumer financial protection regulations but may not directly focus on the specific rights related to debt collection practices. Similarly, the Bankruptcy Code deals with insolvency and bankruptcy proceedings rather than outlining debtor rights in the context of collections.