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collection agency licensing

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PostPosted: Wed Aug 06, 2008 5:33 pm Subject: collection agency licensing

does anyboday know minnesota collection agency laws.. do they have to be licensed in minnesota or can they be licensed anywhere just as long as there licesned in there home state and follow fdcpa laws
perry968



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PostPosted: Wed Aug 06, 2008 6:11 pm Subject:

Not sure where to look up if they are bonded but it is required


COLLECTION AGENCY BOND & LICENSE

Bond: $5,000 to $20,000
License: Yes
Fee:
$1,000 - Initial
$400 - Annual
$10 - Per Collector

_________________
Texas Residents

All CA's are required to post a bond with the SOS
http://direct.sos.state.tx.us/debtcollectors/DCSearch.asp

When requesting Validation, reference the FDCPA as well as Chpter 392 of the TFC:
http://tlo2.tlc.state.tx.us/statutes/docs/FI/content/htm/fi.005.00.000 392.00.htm
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