Debt Purchasers in Lawmakers? Cross-hairs

http://www.insidearm.com/news/00039645-debt-purchasers-in-lawmakers-cross-hairs/

A bill that is nearing consideration at the Massachusetts state capitol would force debt purchasers to notify debtors in writing when they purchase their accounts from creditors (“State to Hear Debt Purchaser Notification Bill,” 11/2). Furthermore, debt purchasers would have to notify the consumer monthly, again in writing, of any action on the account such as payments or interest charged. Read the full text of the bill here.

Putting aside the likelihood of passage of the bill as is (it seems unlikely, for the record), how would such a law impact debt purchasers? Obviously, more paperwork and processes would go into buying debt in Massachusetts. But would debt buyers abandon the state altogether if this passed?

Or is it a good idea…one that could conceivably cut down on consumer lawsuits?