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BUSINESS & SECURITIES LAW
CONSUMER RIGHTS
DEBTOR' S RIGHTS
Communication by debt collector with third parties
Death & credit card debt
Guidelines for electronic recording
Harassing calls from collection agencies
Licensing of Massachusetts collection agencies
Venue for actions under the Fair Debt Collection Practices Act
TAXATION

John Tatoian
Attorney & Counselor At Law
P.O. Box 536
 Somers, CT 06071 

Worldwide Cell:(860) 490-4138
JTLAW@COX.NET


United States District Court of Massachusetts, United States District Court of Connecticut & the State Court of Massachusetts




Licensing of Massachusetts collection agencies

Pursuant to Massachusetts Law, a debt collector (an entity which collects consumer debts either for itself or on behalf of another ) must be licensed by the Massachusetts Division of Banks to conduct business within the Commonwealth. However, according to Massachusetts Division of Banks Opinion O06060, a "passive debt buyer" ( an entity which merely funds the purchase of debts and collects upon the debts through a separate licensed collection entity) need not be licensed.