Background regarding Division of Banks Selected OpinionsThe publication of these Selected Opinions, as well as the previously issued Annual and Quarterly Digests, is part of the Division's ongoing effort to continue to improve its communication with all those who have a vested interest in the financial services industry. Through these Selected Opinions and Digests, the Division offers its perspective on current issues and questions in the financial services industry. As always, requests for opinions from the Division must be addressed directly to the Commissioner of Banks, Massachusetts Division of Banks, 1000 Washington Street, 10th Floor, Boston, MA 02118-6400 and must include a statement of all relevant facts, cites to applicable statutes and regulatory documents and an analysis of those materials supporting your position. The Division acknowledges receipt of opinion requests by assigning each a number. Any subsequent inquiries to the Division about an opinion request should refer to this opinion number.
Reporting a consumer’s information to a consumer credit reporting agency - June 8, 2014
Measuring the five business day period for providing records under the debt validation provisions of 209 CMR 18.18(3) - July 18, 2014
Does municipal parking authority need a license to collect unpaid tickets, fines and related costs - October 19, 2009
- Does Company Collecting Commercial Debt Require a License - April 24, 2007
- "Passive" Debt Buyer Exemption from Debt Collector License - October 13, 2006
- Attorney-at-law Exclusion and Applicability of the Debt Collection Law to Attorneys - October 13, 2006
Limitations on “Communications” with Debtors – July 27, 2006
- Does Repayment of Medical Bills from Lawsuit Constitute Collection of Debt - September 13, 2001
- Applicability of FTC Privacy Regulations to Collection Agencies - Both issued June 25, 2001
- Exemption for Collection Agency License When Debt is Collected by Licensed Collection Agencies or Collection Attorneys - February 26, 2002
- Exemption For Collection Agency License For Transactions Involving Electric Rate Reduction Bonds-March 3, 2001
- Collection Agency's Ability To Change Non-Sufficient Funds(NSF) Processing Fees - Q3 2000
- Collection Agency Licensing Requirement As Applicable To Loan Servicers - Q2 2000
- Licensing Requirement For Out-Of-State Debt Collector - Q2 2000
- Licensing Requirement For Servicer And Its Subservicer - Q2 2000
- Massachusetts License Requirement For Collection Agency Licensed In Another State - Q1 2000
- License Requirement For Companies Contracting With Local Collection Agency - Q1 2000
- Servicer Reporting Credit Experience With Debtor In Servicer's Name - Q3 1999
- Financial Statement Reporting Requirement - Q3 1998
- Licensing Requirements For Attorneys Licensed To Practice Law In The Commonwealth - Q3 1998
- Permissibility Of Collection Agency To Act On Behalf Of Secured Creditor - Q4 1998
- Non-Transferability Of Collection Agency License - Q2 1998
- Notice Requirements For Purchase Of All Assets Of A Licensed Collection Agency - Q4 1997
- Licensing Requirements For Referring Debtors to Mortgage Companies - Q4 1997
- Licensing Requirements For Entities Which Provide Assistance To Homeowners - Q4 1997
- Directing Payments From Massachusetts Debtors To An Out-Of-State Address and The Use Of An "800" Number In Collection Letters- Q4 1997
- Non-Identifying Communications - Q4 1997
- Licensing Requirements For Entities Collecting Debt Owed By Deceased Persons - Q3 1997
- Mortgage Loan Servicer Practices - Q3 1997
Past opinions of the Division of BanksCopies of past opinions may be obtained for a fee from the Division's Consumer Assistance Unit at (617) 956-1502, and must be paid for by check. The Division's Regulations, found in the Code of Massachusetts Regulations (CMR - agency code number 209), are available through the State House Bookstore, State House Room 116, Boston, Massachusetts, 02133. Please contact the bookstore directly for prices at (617) 727-2834.
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