Collection agency definition

Collection agency means a person that is directly engaged in collecting or attempting to collect a claim owed or due or asserted to be owed or due another, or repossessing or attempting to repossess a thing of value owed or due or asserted to be owed or due another person, arising out of an expressed or implied agreement. Collection agency includes an individual who, in the course of collecting, repossessing, or attempting to collect or repossess, represents himself or herself as a collection or repossession agency, or a person that performs collection activities that are regulated under article 9 of the occupational code, 1980 PA 299, MCL 339.901 to 339.920. Collection agency includes a person that furnishes or attempts to furnish a form or a written demand service that is represented to be a collection or repossession technique, device, or system to be used to collect or repossess claims, if the form contains the name of a person other than the creditor in a manner that indicates that a request or demand for payment is being made by a person other than the creditor even though the form directs the debtor to make payment directly to the creditor rather than to the other person whose name appears on the form. Collection agency includes a person that uses a fictitious name or the name of another in the collection or repossession of claims to convey to the debtor that a third person is collecting or repossessing or has been employed to collect or repossess the claim.

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Collection agency means and includes:

Collection agency means a person primarily engaged in the business of collecting debt, including but not limited to consumer debt collection subject to the provisions of the federal Fair Debt Collections Practices Act in 15 U.S.C. §1692 et seq., the Iowa debt collection practices Act in Iowa Code sections 537.7101 through 537.7103, or other similar state law.

Examples of Collection agency in a sentence

During the term of M▇▇▇▇▇▇▇▇’▇ employment, M▇▇▇▇▇▇▇▇ shall be entitled to five weeks of paid vacation.
Collection agency fees if sent to collections Attorney fees and costs of legal action to enforce Lease.
Collection agency patient accounts meeting charity care criteria should be returned to the Subsidiary’s billing office and reviewed for charity care eligibility.
Debtor has filed for protection under the Bankruptcy Code and a proof of claim has been filed Suit has been filed and a judgment obtained, but no apparent assets are available to satisfy our claim Collection agency has exhausted all efforts to collect but has determined there is a) no value in spending, either initially or in addition to, more money to pursue suit, b) there are no apparent assets, or c) the debtor is nowhere to be found.
In the event that any claim is made for rental amounts owed, Lessor may elect to utilize the services of a collection agency or agent and Tenant shall furthermore be responsible for reasonable and normal charges of said Collection agency or agent.

More Definitions of Collection agency

Collection agency means the Department of the Treasury and

Collection agency means a collection agency, as defined in

Collection agency means a person who engages directly or indirectly in the business of:

Collection agency means all persons engaging,

Collection agency means a person or entity who, in the ordinary course of business, engages in debt collection.

Collection agency means all persons engaging, directly or indirectly, and as a primary or a secondary object, business or pursuit, in the collection of or in soliciting or obtaining in any manner the payment of a claim owed or due or asserted to be owed or due to another.

Collection agency means a person other than a Collector who obtains or arranges for payment of money owing to another person, or who holds out to the public that he provides such as service or any person who sells or offers to sell forms or letters represented to be a collection system;