John Tatoian
Attorney & Counselor At Law
150 Harbour Close Unit 306
New Haven CT 06519
Worldwide Cell:(860) 490-4138
JTATOIANLAW@GMAIL.COM
United States District Court of Massachusetts, United States District Court of Connecticut & the State Court of Massachusetts
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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.
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