Should a "law firm" be licensed as a collection agency?
Date: Wed, 12/01/2010 - 07:33
Should an out of state company that is supposedly a law firm need a license as a debt collector or are there different requirements if they consider themselves to be a law firm and not strictly a collection agency?
The law firm should have the license of the state where it is si
The law firm should have the license of the state where it is situated but for a collection agency, they only need the authorization of the company for which company they are working along with the state license.
In my state, Maine, A lawyer that is licensed in Maine to pra
In my state, Maine,
A lawyer that is licensed in Maine to practice law, when acting as a debt collector for another firm, does not have to be licensed as a debt collector or collection agency.
If the lawyer is not licensed to practice law in Maine, then they must apply for a licence in Maine.
Maine law seems pretty clear on this.
I do not know if this is common law in other states, but paulcahill80's reply above does seem to confirm that this might be pretty standard.
To me, this looks like a real loophole in the fair credit laws.
If they don't have to be licensed, then there is no license to revoke...
Where is the penalty for nasty behavior?
