§ 19-14.9-12 Registration required. –(1) After July 1, 2008, no person shall engage within this state in thebusiness of a debt collector, or engage in soliciting the right to collect orreceive payment for another of an account, bill or other indebtedness, oradvertise for or solicit in print the right to collect or receive payment foranother of an account, bill or other indebtedness, without first registeringwith the director or the director's designee.
(2) The application for registration shall be in writing,shall contain information as the director may determine and shall beaccompanied by a registration fee of two hundred dollars ($200).
(3) The registration shall be for a period of three (3)years. Each registration shall plainly state the name of the registrant and thecity or town with the name of the street and number, if any, of the place wherethe business is to be carried on; provided that the business shall at all timesbe conducted in the name of the registrant as it appears on the registration.
(4) No person registered to act within this state as a debtcollector shall do so under any other name or at any other place of businessthan that named in the registration. The registration shall be for a singlelocation but may, with notification to the director, be moved to a differentlocation. A registration shall not be transferable or assignable.
(5) This section shall not apply:
(a) To the servicor of a debt by a mortgage; or
(b) To any debt collector located out of this state; providedthat the debt collector:
(1) Is collecting debts on behalf of an out-of-state creditorfor a debt that was incurred out-of-state; and
(2) Only collects debts in this state using interstatecommunication methods, including telephone, facsimile, or mail.
(c) To any regulated institution as defined under §19-1-1, national banking association, federal savings bank, federal savings andloan association, federal credit union, or any bank, trust company, savingsbank, savings and loan association or credit union organized under the laws ofthis state, or any other state of the United States, or any subsidiary of theabove; but except as provided herein, this section shall apply to a subsidiaryor affiliate, as defined by the director, of an exempted entity and of a bankholding company established in accordance with state or federal law.
§ 19-14.9-12 Registration required. –(1) After July 1, 2008, no person shall engage within this state in thebusiness of a debt collector, or engage in soliciting the right to collect orreceive payment for another of an account, bill or other indebtedness, oradvertise for or solicit in print the right to collect or receive payment foranother of an account, bill or other indebtedness, without first registeringwith the director or the director's designee.
(2) The application for registration shall be in writing,shall contain information as the director may determine and shall beaccompanied by a registration fee of two hundred dollars ($200).
(3) The registration shall be for a period of three (3)years. Each registration shall plainly state the name of the registrant and thecity or town with the name of the street and number, if any, of the place wherethe business is to be carried on; provided that the business shall at all timesbe conducted in the name of the registrant as it appears on the registration.
(4) No person registered to act within this state as a debtcollector shall do so under any other name or at any other place of businessthan that named in the registration. The registration shall be for a singlelocation but may, with notification to the director, be moved to a differentlocation. A registration shall not be transferable or assignable.
(5) This section shall not apply:
(a) To the servicor of a debt by a mortgage; or
(b) To any debt collector located out of this state; providedthat the debt collector:
(1) Is collecting debts on behalf of an out-of-state creditorfor a debt that was incurred out-of-state; and
(2) Only collects debts in this state using interstatecommunication methods, including telephone, facsimile, or mail.
(c) To any regulated institution as defined under §19-1-1, national banking association, federal savings bank, federal savings andloan association, federal credit union, or any bank, trust company, savingsbank, savings and loan association or credit union organized under the laws ofthis state, or any other state of the United States, or any subsidiary of theabove; but except as provided herein, this section shall apply to a subsidiaryor affiliate, as defined by the director, of an exempted entity and of a bankholding company established in accordance with state or federal law.
§ 19-14.9-12 Registration required. –(1) After July 1, 2008, no person shall engage within this state in thebusiness of a debt collector, or engage in soliciting the right to collect orreceive payment for another of an account, bill or other indebtedness, oradvertise for or solicit in print the right to collect or receive payment foranother of an account, bill or other indebtedness, without first registeringwith the director or the director's designee.
(2) The application for registration shall be in writing,shall contain information as the director may determine and shall beaccompanied by a registration fee of two hundred dollars ($200).
(3) The registration shall be for a period of three (3)years. Each registration shall plainly state the name of the registrant and thecity or town with the name of the street and number, if any, of the place wherethe business is to be carried on; provided that the business shall at all timesbe conducted in the name of the registrant as it appears on the registration.
(4) No person registered to act within this state as a debtcollector shall do so under any other name or at any other place of businessthan that named in the registration. The registration shall be for a singlelocation but may, with notification to the director, be moved to a differentlocation. A registration shall not be transferable or assignable.
(5) This section shall not apply:
(a) To the servicor of a debt by a mortgage; or
(b) To any debt collector located out of this state; providedthat the debt collector:
(1) Is collecting debts on behalf of an out-of-state creditorfor a debt that was incurred out-of-state; and
(2) Only collects debts in this state using interstatecommunication methods, including telephone, facsimile, or mail.
(c) To any regulated institution as defined under §19-1-1, national banking association, federal savings bank, federal savings andloan association, federal credit union, or any bank, trust company, savingsbank, savings and loan association or credit union organized under the laws ofthis state, or any other state of the United States, or any subsidiary of theabove; but except as provided herein, this section shall apply to a subsidiaryor affiliate, as defined by the director, of an exempted entity and of a bankholding company established in accordance with state or federal law.
