Found it here, of all places, LOL http://www.edebtnetwork.com/content/collection_laws.asp#TOP I guess this is so they will know what laws they are breaking breeze
Wow! That is very interesting. I remember seeing something like that before and really don't understand what this means: "COLLECTION AGENCY BOND & LICENSE Bond: No License: No Fee: No Buffalo: $5,000 Bond - $50 fee NYC: License - $150 - 2 yr. fee " Does that mean that the Collection Acengy can collect any debt without being licensed in my state, NY?
Yes. Those states do not require collection agencies to be licensed. Individual localitites may require it though. breeze
Yes, but there are two ways to look at the licensing and bonding requirements, and even more than two. First question is do they have to be licensed or bonded in the state in which their offices are located? Second question is do they have to be licensed or bonded in order to do business in the state of your residence Third, if they are a corporation, they must have filed papers of incorporation somewhere. And if they incorporated in a state such as Delaware or Nevada which have extremely loose incorporation laws, did they file also as a foreign corporation in the state in which they do business as well as the state in which you reside? Fourth. Do they need a business license to conduct business in the city in which they operate? If any or all of those requirements are not met (if they exist) then they are still not authorized to do business. All of these things need to be checked out by you in each and every instance for the possibility of finding some grounds to file complaint or actual lawsuit.
