Michigan Compiled Laws 299-1980-9 Article 9 (339.901...339.920)

• Section 339.901 Definitions.
  As used in this article: (a) "Claim" or "debt" means an obligation or alleged obligation for the payment of money or thing of value...
• Section 339.902 Collection Practices Board; Creation.
  A collection practices board is created. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 Popular Name: Act 299
• Section 339.903 Pretended Purchase Or Assignment Of Account; Applicability Of Article.
  This article applies to a person who, by a device, subterfuge, or pretense, makes a pretended purchase or takes a pretended assignment of an...
• Section 339.904 Collection Agency; License Required For Each Place Of Business; Exceptions To Licensing Requirement Of Subsection (1); Qualifications Of Applicant.
  (1) Except as otherwise provided in this article, a person shall not operate a collection agency or commence in the business of a collection...
• Section 339.905 Repealed. 1988, Act 463, Eff. Sept. 1, 1989.
  Compiler's Notes: The repealed section pertained to licensing of collection agency.Popular Name: Act 299
• Section 339.906 Collection Agency; License Nontransferable; Notification Of Changes In Corporate Structure, Partnership, Name, Or Address.
  A collection agency license is not transferable to another person or location. Notification of changes in the corporate structure, partnership, name, or address shall...
• Section 339.907 Corporate Surety Or Cash Bond; Action On Bond; Aggregate Liability; Cancellation Of Bond.
  The department shall require a collection agency to file and maintain in force for each license a corporate surety or a cash bond conditioned...
• Section 339.908 “owner Manager” Defined; Personal Supervision Of Collection Agency By Licensed Collection Agency Manager Or Owner Manager; Notice; Limitation.
  (1) As used in this section, “owner manager” means a person who does all of the following: (a) Obtains a license under section 904...
• Section 339.909 Separate Trust Account; Maintenance By Collection Agency; Designation As Trust Account; Disbursements And Withdrawals.
  (1) A collection agency shall maintain a separate trust account in which all money collected under this article by the collection agency shall be...
• Section 339.910 Books, Accounts, And Records; Use; Preservation; Accessibility; Annual Report; Financial Report Of Trust Account; Audit; Information Provided To Director Exempt From Disclosure; Exception; Compliance Attestation Report.
  (1) A collection agency shall keep and use books, accounts, or records that the department requires to determine whether the collection agency is complying...
• Section 339.911 Collection Agency Manager's License Or Collection Agency License; Requirements.
  The department shall issue a collection agency manager's license or a collection agency license to an individual who meets all of the following requirements:...
• Section 339.912 Applicant For Collection Agency Manager's License; Written Examination.
  An applicant for a collection agency manager's license shall take a written examination developed by the department to test the applicant's knowledge of the...
• Section 339.913 Collection Agency Manager's License; Display.
  A collection agency manager's license shall be displayed on the premises where licensed business or activity is conducted. History: 1980, Act 299, Imd. Eff....
• Section 339.914 Repealed. 1996, Act 151, Imd. Eff. Mar. 25, 1996.
  Compiler's Notes: The repealed section pertained to proof of applicant meeting qualification requirements.Popular Name: Act 299
• Section 339.915 Licensee; Prohibited Acts.
  A licensee shall not commit 1 or more of the following acts: (a) Communicating with a debtor in a misleading or deceptive manner, such...
• Section 339.915a Licensee; Additional Prohibited Acts.
  A licensee shall not commit any of the following acts: (a) Listing the name of an attorney in a written or oral communication, collection...
• Section 339.916 Action For Damages Or Other Equitable Relief; Recovery; Civil Penalty; Attorney's Fees And Court Costs.
  (1) A person who suffers injury, loss, or damage, or from whom money was collected by the use of a method, act, or practice...
• Section 339.917 Conduct Of Licensee Subject To Penalties.
  A licensee that commits 1 or more of the following is subject to the penalties described in article 6: (a) Cancellation of a surety...
• Section 339.918 Communication With Consumer; Notice; Effect Of Disputing Validity Of Debt; Verification Of Debt; Failure To Dispute Validity Of Debt.
  (1) Within 5 days after the initial communication with a consumer in connection with a collection of a debt, a collection agency shall send...
• Section 339.919 Communication With Person Other Than Debtor; Location Information.
  (1) A collection agency communicating with any person other than the debtor, for the purpose of acquiring location information about the debtor, shall state...
• Section 339.920 Taking Possession Of Assets, Books, And Records Of Licensee For Purpose Of Liquidating Business Or Other Relief; Application For Court Order; Notice.
  If the department determines that a licensee is insolvent or has collected accounts, but failed to remit money due a claimant or forwarded money...

Last modified: October 10, 2016