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Rhode Island Licensing Bond Available on NMLS

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Surety bonds in Rhode Island must be entered into NMLS by Feb. 23, 2023. The Collectors Insurance Agency bond unit has resources to help members through this process. 09/28/2022 1:45 P.M. 1.5 minute read Debt collector licensees in Rhode Island will have access to Electronic Surety Bonds (ESBs) through the Nationwide Multistate Licensing System (NMLS) […]

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New York City Adopts Renewal Extension for Debt Collection Licensees

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Effective immediately, debt collection licensees and other industries impacted by emergency orders during the pandemic will have an additional 60 days to renew their licenses. 08/22/2022 3:30 P.M. 1 minute read New York City’s Department of Consumer and Worker Protection (DCWP) is allowing an additional 60 days for license holders, including debt collection licensees, to […]

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Rhode Island Bond Licensing Legislation in Effect

 

The legislation requires a bond before an agency can be licensed in Rhode Island. 08/04/2022 1:45 P.M. 1 minute read Rhode Island now requires debt collectors to file a $50,000 bond to be licensed in the state after Gov. Daniel McKee signed legislation on licensing this summer. Now that the legislation is in effect, all […]

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California DFPI Extends Comments on Debt Collection Licensing

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The comments sought by the California Department of Financial Protection and Innovation (DFPI) focus on draft text related to the scope of the licensing requirement for employees of debt collectors as well as annual report and document retention requirements for licensees. The comment deadline is now Aug. 29 after the DFPI issued a clarification on […]

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Rhode Island Passes Bond Licensing Legislation

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Bond licensing legislation, now eligible to send to the state’s governor, would require a bond before an agency can be licensed in Rhode Island. 06/24/2022 3:15 P.M. 1 minute read Rhode Island has passed legislation that requires debt collectors to file a $50,000 bond to be licensed in the state. The legislation passed in the […]

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Connecticut Increases Branch Bonds

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The bonds are increasing for main locations and individual branches for licensees effective Oct. 1. 06/20/2022 12:00 P.M. 1 minute read The Connecticut Department of Banking has approved a bond increase from $25,000 for each licensed location to $50,000 for main location bonds. An additional $50,000 in bonds will be added for each branch. The […]

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Member Alert: Minnesota Licensure and Collector Registration Update

 

Important updates on Minnesota’s new work-from-home legislation and agency/collector requirements that have not changed. 06/10/2022 10:00 A.M. 2 minute read Minnesota’s work-from-home legislation is now in effect and in partnership with the Minnesota Department of Commerce, ACA International has some important clarifications for agencies collecting from Minnesota consumers. To clear up any confusion: The recent […]

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