California § 1788.54 - All settlement agreements between a debt buyer and a debtor shall be documented i
Full text of California Public Contract Code - PCC § 1788.54 — All settlement agreements between a debt buyer and a debtor shall be documented i, with citation guidance and answers to common questions.
§ 1788.54. All settlement agreements between a debt buyer and a debtor shall be documented i
(a) All settlement agreements between a debt buyer and a debtor shall be documented in open court or otherwise reduced to writing. The debt buyer shall ensure that a copy of the written agreement is provided to the debtor. (b) A debt buyer that receives payment on a debt shall provide, within 30 calendar days, a receipt or monthly statement, to the debtor. The receipt or statement shall clearly and conspicuously show the amount and date paid, the name of the entity paid, the current account number, the name of the charge-off creditor, the account number issued by the charge-off creditor, and the remaining balance owing, if any. The receipt or statement may be provided electronically if the parties agree. (c) A debt buyer that accepts a payment as payment in full, or as a full and final compromise of the debt, shall provide, within 30 calendar days, a final statement that complies with subdivision (b). A debt buyer shall not sell an interest in a resolved debt, or any personal or financial information related to the resolved debt.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1788.54
What does Public Contract Code - PCC § 1788.54 cover?
Section 1788.54 ("All settlement agreements between a debt buyer and a debtor shall be documented i") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1788.54?
A common citation format is "Public Contract Code - PCC § 1788.54" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1788.54 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.