Maryland Default Judgment Rules Tightened for Debt Buyers

In Maryland, the Court of Appeals just approved rules that will prevent debt buyers from getting a default judgment with nothing more than a name and a dollar amount. From now on, ” target=”_blank”>debt buyers will actually have to provide proof of ownership and indebtedness.

This may sound like common sense, but Maryland is—unfortunately—being a bit revolutionary, here. In most states, a debt buyer does the equivalent of writing a number and a name on a napkin, and walks away with the right to garnish wages and bank accounts.