Maryland’s debt collection statutes contain a trap that many debt buyers either overlooked or hoped courts would overlook for them. The problem is deceptively simple. If a company purchases consumer debt that was already in default when acquired, and then attempts to collect that debt in Maryland, the company generally must be licensed as a collection agency under the Maryland …
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LVNV Funding v. Finch: Maryland’s Collection Agency Licensing Trap for Debt Buyers
Law Office of Jason Ostendorf LLC