debtmagic

registration of collection agency

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hi there

i have read that a collection agency must be registered in the state of collections.

does a collection agency have to be registered in the state of wisconsin.

if their law firm is registered would that be enought to be able to collect.

where would i get information about how to answer

1 request to admit

2 acompanying interrogatories

3 request for production of documents

thank you

debtmagic:)

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hi there

i have read that a collection agency must be registered in the state of collections.

does a collection agency have to be registered in the state of wisconsin.

if their law firm is registered would that be enought to be able to collect.

where would i get information about how to answer

1 request to admit

2 acompanying interrogatories

3 request for production of documents

thank you

debtmagic:)

For the first part of your post:

"Collection Agency Licensing Requirements:

No person shall operate as a collection agency or as a collector or solicitor in the State of Wisconsin with first having obtained a license as required by Section 218.04 of the Wisconsin Statutes. The licensing requirements include the submission of an application, payment of a filing fee and investigation fee in an amount as determined by the Office of Commissioner of Bank of the State of Wisconsin shall assess, and the posting of a bond in a minimum amount of $15,000.00. Licensing information and application may be obtained from:

State of Wisconsin

Office Of Commissioner Of Banking

Consumer Credit Division

131 W. Wilson Street, 8th Floor

Madison, Wisconsin 53707-7876

Tel: (608) 266-1621 "

Don't know about the rest. I'm not seasoned enough with my own credit repair to tell you anything further.

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I would think that Wisconsin law would apply to non-residents as well since it says "No person". I take that to mean that everyone who intends to operate as a collection agency, must obtain a license, as per the requirements set forth in that state. Some further research would clarify that.

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I would think that Wisconsin law would apply to non-residents as well since it says "No person". I take that to mean that everyone who intends to operate as a collection agency, must obtain a license, as per the requirements set forth in that state. Some further research would clarify that.

I always like to make that comment because it varies by state and can be a gray area. In my state, debt collectors do not have to be licensed. However, my city requires a license in order to collect a debt. The language is very specific and clear.

In the Wisconsin language it says "No person shall operate as a collection agency or as a collector or solicitor in the State of Wisconsin with first having obtained a license." The CA could argue that they are not operating in Wisconsin. They are operating from another state. The debtor just happens to live in Wisconsin.

This comes up quite often and I've not seen any definitive information on licensing requirement for non-resident CAs.

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Swirl,

Good, good point. I never even thought of that. CAs don't have to be licensed in my state either (taking that from another post, of course). However, the state of PA does adopt the same statues at the FCRA and about CA practices, I believe. I'll have to look that up, but I may have already posted a thread about that.

It's been hectic here at the house and I'm stressing out about lots of stuff lately so my mind isn't as clear as it should be.

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