For those familar with statues

[thegame26]

I live in RI and begining July 1, the RIFDCPA takes effect. It doesn't really have any teeth, as its basically a copy of the federal one but begining July 1 it does require registration.

So if I am reading that part correctly, for a DC to dunn, pull credit reports, and report to CB's, they'd have to be registered?

Registration section:

http://www.rilin.state.ri.us/Statutes/TITLE19/19-14.9/19-14.9-12.HTM

Entire statue:

http://www.rilin.state.ri.us/Statutes/TITLE19/19-14.9/INDEX.HTM

[Debt Guy]

So if I am reading that part correctly, for a DC to dunn, pull credit reports, and report to CB's, they'd have to be registered?

State laws of this nature govern the relationship between the registering/licensing entity (the state) and the registree/licensee (the CA/DB). Typically, the consumer has no right of private action under these type statutes.

If a CA/DB violates one of the state licensing/registration requirements, the consumer may, if they wish, complain to the regulatory authority. The regulatory authority may take whatever enforcement action is permitted under the governing statute.

Mostly, the regulator authority gives the licensee a slap on the wrist and the requires whatever the statue demands -- which generally includes some sort of fee to the state (which is what they really want). In theory, the licensing authority could deny a license or even refer the matter to the state AG if conduct was egregious.

In my view, statues like this are nothing more than (1) revenue sources for the state and (2) another hoop through which the DB/CA must jump -- and most do so successfully.

To my knowledge, only two states have local rules that are significant in terms of consumer protection -- the Texas Finance Code and the California Rosenthal Act.

[razr]

This particular statute does grant a right to private action. Pretty much the same as the FDCPA.

-r

[thegame26]

Okay. But how is reporting to CB's classified as? Would they have to be registred to do so?