§ 17-24-502. Definitions
As used in this subchapter: (1) “Communication” means the conveying of information regarding a debt directly or indirectly to a person; (2) “Consumer” means a natural person obligated or allegedly obligated to pay a debt; (3) (A) “Creditor” means a person: (i) Who offers or extends credit, creating a debt; or (ii) To whom a […]
§ 17-24-301. License required
Unless licensed by the State Board of Collection Agencies under this subchapter it is unlawful to: (1) Engage in the collection of delinquent accounts, bills, or other forms of indebtedness; (2) Use a fictitious name or any name other than their own in the collection of their own accounts receivable; (3) Solicit claims for collection; […]
§ 17-24-503. Acquisition of location information
A debt collector communicating with a person other than the consumer to acquire location information about the consumer shall: (1) Identify himself or herself, state that he or she is confirming or correcting location information concerning the consumer, and only if expressly requested, identify his or her employer; (2) Not state that the consumer owes […]
§ 17-24-302. Qualifications — Restriction
(a) The State Board of Collection Agencies shall have the authority to issue a license to an applicant for a license to do business as a collection agency, provided that the applicant meets the following qualifications: (1) The applicant is at least twenty-one (21) years of age; (2) If a partnership, the names of the […]
§ 17-24-504. Communication in connection with debt collection
(a) Without the prior consent of the consumer given directly to the debt collector or the express permission of a court of competent jurisdiction, a debt collector may not communicate with a consumer in connection with the collection of a debt: (1) (A) At an unusual time or place or a time or place known […]
§ 17-24-303. Application — Issuance — Transferability
(a) The State Board of Collection Agencies shall have the authority to require an applicant for a license to submit an application in writing containing such information as it shall deem necessary and pertinent and may require the character and business references which it deems appropriate. (b) Licenses issued by the board are not transferable.
§ 17-24-505. Harassment or abuse
(a) A debt collector may not engage in a conduct the natural consequence of which is to harass, oppress, or abuse a person in connection with the collection of a debt. (b) Without limiting the general application of subsection (a) of this section, the following conduct is a violation of this section: (1) The use […]
§ 17-24-304. Expiration and renewal
(a) All collection agency licenses and collection agency employee licenses shall expire annually on June 30. (b) All licensees under this chapter shall apply for the renewal of their licenses, on forms to be prescribed by the State Board of Collection Agencies, on or before July 1 of the fiscal year for which the licenses […]
§ 17-24-305. Fees — Disposition
(a) The State Board of Collection Agencies may charge an annual license fee not to exceed one hundred twenty-five dollars ($125) for licensing each collection agency and an annual fee of twenty dollars ($20.00) effective September 1, 2013, for registering each employee of the licensed collection agency who as an employee solicits, collects, or attempts […]
§ 17-24-306. Bond
(a) The State Board of Collection Agencies shall require each licensee to secure a surety bond in an amount not less than ten thousand dollars ($10,000) nor more than fifty thousand dollars ($50,000) for each location, with the security on the bond to be approved by the board. (b) The aggregate liability of the surety […]