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Business Licensing Database
COLLECTION AGENCY

BILL COLLECTOR

COLLECTION AGENCY

COLLECTIONS

DEBT COLLECTORS

State

Colorado Department of Law
Collection Agency Board
1525 Sherman St, 7th Fl.
Denver , CO 80203
(303)866-4500
Fax: (303)866-5691

The Collection Agency Board enforces the Colorado Fair Debt Collection Practices Act and issues the following licenses: One-time investigation fee $300. Initial license fee $900. Annual License Renewal $450

Link: http://www.coloradoattorneygeneral.gov/departments/consumer
_protection/uccc_cab/uccc/debt_management

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)326-2222
(877)382-4357

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

page last updated 3/23/10

The Colorado Revised Statutes are available on line at http://www.state.co.us/gov_dir/leg_dir/olls/colorado_revised_statutes.htm. You can locate a statute of interest by searching either on the citation given in the database (e.g., 18-5-307) or on a keyword or phrase.

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Business Licensing Database COLLECTION AGENCY

Business Licensing Database
COLLECTION AGENCY