Any person collecting third-party debts or acting as a repossessor of collateral due to another person must be registered as a collection agency. A $10,000 surety bond or irrevocable letter of credit is required for registration.
As of March 31, 2009, 770 collection agencies were registered.
Recent rules - permanent rules not yet posted to Secretary of State Web site:
None at this time.
Temporary administrative rules:
None at this time.
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