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This document provides instructions and requirements for making amendments to the Massachusetts Debt Collector License, including legal name changes, address changes, and changes in control persons
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How to fill out massachusetts debt collector license

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How to fill out Massachusetts Debt Collector License Amendments

01
Visit the Massachusetts Division of Banks website.
02
Download the Debt Collector License Amendment application form.
03
Fill out the necessary information, including your business name, address, and license number.
04
Specify the amendments you are requesting, such as changes in business structure or ownership.
05
Gather any additional documentation required for the amendments.
06
Pay the applicable amendment fee as specified in the instructions.
07
Review your application for accuracy and completeness.
08
Submit the application form and supporting documents to the Division of Banks.

Who needs Massachusetts Debt Collector License Amendments?

01
Any individual or entity that holds a debt collector license in Massachusetts and needs to make changes, such as modifying business structure, adding or removing partners, or updating contact information.
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People Also Ask about

Specifically, the rule states that a debt collector cannot: Make more than seven calls within a seven-day period to a consumer regarding a specific debt.
Legally, the debt will exist forever, but can't be collected in court past your state's statute of limitations, which is completely separate from the 7 year reporting period for credit reports.
Massachusetts laws Securing debt with liens on personal property. The statute of limitations for consumer-related debt is six years.
The purpose of 209 CMR 18.00 is to establish standards, by defining unfair or deceptive acts or practices, for the servicing of loans and collection of debts from persons within the Commonwealth of Massachusetts by debt collectors, third party loan servicers, and student loan servicers; to establish procedures and

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Massachusetts Debt Collector License Amendments refer to changes or updates to the licensing requirements and regulations governing debt collectors in Massachusetts, ensuring compliance with state laws and consumer protection standards.
Any individual or business that operates as a debt collector in Massachusetts and holds a debt collector license is required to file amendments to their license when there are changes in their operations, ownership, or contact information.
To fill out Massachusetts Debt Collector License Amendments, applicants must complete the specified amendment form provided by the Massachusetts Division of Banks, providing accurate updates on their operations, ownership, or any other relevant changes.
The purpose of Massachusetts Debt Collector License Amendments is to ensure that the state maintains current and accurate records of debt collectors operating in the state, which helps protect consumers and uphold the integrity of debt collection practices.
The information that must be reported on Massachusetts Debt Collector License Amendments includes changes in the business name, address, ownership, contact details, and any relevant changes in the company's structure or operations.
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