Keywords:
Bill Collector
Collection Agency
Collections
Debt Collectors
| State |
Colorado Department of Law
Collection Agency Board
1525 Sherman St, 5th Fl.
Denver , CO 80203
(303)866-5706
Fax: (303)866-5691 |
| The Collection Agency Board enforces the Colorado Fair Debt Collection Practices Act and issues the following licenses: a. One-time investigation fee: $300 b. $750 initial license fee c. Annual License Renewal: $350 d. Collection Manager one-time exam and fee: $100.
Link: http://www.ago.state.co.us/cadc/cadcmain.cfm
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| Any individual, firm or corporation is a collection agent if using a name other than its own, with the intention of indicating to the debtor that a third person has been employed in the collection business. |
| Attorneys are exempt from collection agency's license. HOWEVER, if attorney hires someone to do debt collection for clients, that person must be licensed. |
| There are requirements for consumer rights including disclosure requirements, boldface type, etc. |
| Out of state collection agencies who regularly collect debts in Colorado must also contact Colorado U.C.C.C. |
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| Federal |
U.S. Federal Trade Commission
600 Pennsylvania Ave, NW
Washington , DC 20580
(202)326-3553
(877)382-4357
Fax: (202)326-3197 |
| Agencies must comply with the federal Fair Debt Collection Practices Act (FDCPA), which prohibits certain practices by debt collection agencies that collect debts for creditors.
Link: http://www.ftc.gov/os/statutes/fdcpajump.htm
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Wednesday, July 18, 2012 - 18:52 pm