can someone please help me with this

[joshua_keifer]

i looked up michigan's licensing laws and what not because i had read that some states require a CRA to be licensed in order to collect on a debt from you or even put it on your CR here it is :STATE: MICHIGAN

INTEREST RATE

Legal: 5%

Judgment: 7.162 changes semiannually

Usury limit 25%

STATUTE OF LIMITATIONS (IN YEARS)

Open Acct.: 6

Written Contract: 6

Sales (UCC) Contract: 4

Domestic Judgment: 10 renewable

Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)

Twice the amount of check-not to exceed $500.

Retail Claims - Notice Requirements.

GENERAL GARNISHMENT EXEMPTIONS See federal law.

COLLECTION AGENCY BOND & LICENSE (RETAIL ONLY)

Bond: $5,000 - $50,000

License: Yes

Fee:

$150 - Investigation

$225 - Initial

$125 - Annually

Exemption for out-of-state collectors: Out-of-state collector are exempt if [1] collecting by interstate means; and [2] have no clients in the state of Michigan.

it says they need a license but then says they are exempt if out of state so im confused on what to request or ask from the creditors or if im even taking what i read the right way

[Fizzle1979]

Have you read this thread?

http://debt-consolidation-credit-repair-service.com/forums/showthread.php?t=222230

To me it says they are required to have a bond/license. And maybe what you are reading about them being exempt from are the fees and not the license?

[someonesomewhere]

I'm not seeing where an outta state CA needs a license to collect in Michigan.

http://www.legislature.mi.gov/(S(0nceiu55q5ja1055iq20d3nn))/mileg.aspx?page=getobject&objectname=mcl-299-1980-9

http://www.legislature.mi.gov/(S(0nceiu55q5ja1055iq20d3nn))/mileg.aspx?page=getObject&objectName=mcl-339-904

339.904 Collection agency; license required for each place of business; exceptions to licensing requirement of subsection (1); qualifications of applicant.

Sec. 904.

(1) Except as otherwise provided in this article, a person shall not operate a collection agency or commence in the business of a collection agency without first applying for and obtaining a license under this article from the department for each place of business.

(2) A person is not subject to the licensing requirement of subsection (1) if the person's collection activities in this state are limited to interstate communications. This subsection does not exempt a person from other requirements of law that regulate collection practices.

(3) The department may require financial statements, references, or other information it considers necessary to determine the qualifications of the applicant, including but not limited to, the names, addresses, and references of each member of a partnership or of each officer, director, or shareholder holding 10% or more of the outstanding shares of the agency.

(4) Each individual, partner of a partnership, or officer or director of a corporation that is an applicant shall be not less than 18 years of age, be of good moral character, and have the financial responsibility, reputation, and experience such as to command the confidence of the community and to warrant the belief that the business will be operated lawfully, honestly, and fairly.