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.
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
All accounts with past due balances of $5,000 or more will not be permitted to return for the next academic year and will be sent to our Collection agency.
Should the group fail to meet the stipulated repayment schedule, the matter will formally be referred to a Debt Collection agency.
Collection agency license - requirements - application - fee - expiration.
There are no open accounts with the previous Debt Collection agency.
Collection agency fees were previously presented under “professional services” within general administrative expenses and in category “other” within fee and commission expense.
More Definitions of Collection agency
Collection agency means a private debt collection contractor under Fed- eral Supply Schedule contract with the General Services Administration (GSA) for professional debt collection serv- ices.
Collection agency means the Department of the Treasury and
Collection agency means a collection agency, as defined in
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 a collection agency, as defined in section 5-16-103 (3), that collects or attempts to collect, directly or indirectly, a consumer debt resulting from a private education credit obligation. The term includes a debt buyer, as defined in section 5-16-103 (8.5).