Collection Agency

Collection Agency


State
Colorado Department of Law
Collection Agency Board
Ralph L. Carr Colorado Judicial Center
Consumer Protection Section – Collection Agency Regulation
1300 Broadway, 6th Floor
Denver, CO 80203
Telephone and Fax:
Consumer Complaints & Information: (720) 508-6022
Collection Agency Licensing: (720) 508-6020
Fax: (720) 508-6033

The Collection Agency Board enforces the Colorado Fair Debt Collection Practices Act and issues the following licenses: a. One-time investigation fee: $300 b. $750 initial license fee c. Annual License Renewal: $350 d. Collection Manager one-time exam and fee: $100.

Link:  http://www.ago.state.co.us/cadc/cadcmain.cfm

Any individual, firm or corporation is a collection agent if using a name other than its own, with the intention of indicating to the debtor that a third person has been employed in the collection business.
Attorneys are exempt from collection agency’s license. HOWEVER, if attorney hires someone to do debt collection for clients, that person must be licensed.
There are requirements for consumer rights including disclosure requirements, boldface type, etc.
Out of state collection agencies who regularly collect debts in Colorado must also contact Colorado U.C.C.C.
Federal
U.S. Federal Trade Commission
600 Pennsylvania Ave, NW
Washington , DC   20580
(202)326-3553
(877)382-4357
Fax: (202)326-3197
Agencies must comply with the federal Fair Debt Collection Practices Act (FDCPA), which prohibits certain practices by debt collection agencies that collect debts for creditors.

Link:  http://www.ftc.gov/os/statutes/fdcpajump.htm

Collection Agency

|
State
Colorado Department of Law
Collection Agency Board
Ralph L. Carr Colorado Judicial Center
Consumer Protection Section – Collection Agency Regulation
1300 Broadway, 6th Floor
Denver, CO 80203
Telephone and Fax:
Consumer Complaints & Information: (720) 508-6022
Collection Agency Licensing: (720) 508-6020
Fax: (720) 508-6033

The Collection Agency Board enforces the Colorado Fair Debt Collection Practices Act and issues the following licenses: a. One-time investigation fee: $300 b. $750 initial license fee c. Annual License Renewal: $350 d. Collection Manager one-time exam and fee: $100.

Link:  http://www.ago.state.co.us/cadc/cadcmain.cfm

Any individual, firm or corporation is a collection agent if using a name other than its own, with the intention of indicating to the debtor that a third person has been employed in the collection business.
Attorneys are exempt from collection agency’s license. HOWEVER, if attorney hires someone to do debt collection for clients, that person must be licensed.
There are requirements for consumer rights including disclosure requirements, boldface type, etc.
Out of state collection agencies who regularly collect debts in Colorado must also contact Colorado U.C.C.C.
Federal
U.S. Federal Trade Commission
600 Pennsylvania Ave, NW
Washington , DC   20580
(202)326-3553
(877)382-4357
Fax: (202)326-3197
Agencies must comply with the federal Fair Debt Collection Practices Act (FDCPA), which prohibits certain practices by debt collection agencies that collect debts for creditors.

Link:  http://www.ftc.gov/os/statutes/fdcpajump.htm

Colorado Office of Economic Development and International Trade (303) 892-3840 oedit.info@state.co.us
Colorado Office of Economic Development and International Trade (303) 892-3840 oedit.info@state.co.us
Colorado Office of Economic Development and International Trade (303) 892-3840 oedit.info@state.co.us
Colorado Office of Economic Development and International Trade (303) 892-3840 oedit.info@state.co.us