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 einberg
& Jacobs has extensive experience in obtaining
and maintaining collection agency licenses in every state and location
where licensing is required. Ronald D. Jacobs, Esquire, the managing
partner of the firm, has represented major collection agencies for over
twenty-five years. We have in-depth knowledge of the requirements of
each licensing jurisdiction. We can help you comply with each state's
requirements in order to become licensed in the most effective and
efficient manner possible.
State licensing requirements can be complex. Whether or not a collection
agency needs to be licensed in a given state can depend on one or more
of the following factors:
- Where the collection agency is located
- Where the creditor is located
- Where the debtor is located
- Whether the agency is collecting commercial or consumer debt
Failure to obtain the proper licenses can have substantial
consequences, both in terms of regulatory penalties and debtor
litigation. Because Weinberg & Jacobs has extensive experience
with each state's requirements, we can help you avoid this risk by
reviewing your current operations and determining your specific
licensing needs.
Proper licensing has advantages for agencies that want to work with
major creditors. In order to avoid litigation and adverse publicity,
major creditors require their collection agencies
to be properly licensed in all states in which they collect debts.
Weinberg & Jacobs welcomes inquiries from interested agencies. Please
contact Ronald Jacobs to discuss
your specific licensing needs and requirements.
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