Use Of Law Firm Letterhead And/Or Name In Any Letters And Telephone Calls To Massachusetts Debtors - Q2 1999By the Division of Banks
Mass. Gen. Laws chapter 93, section 24, and its implementing regulation 209 CMR 18.00 et seq., govern the licensing of collection agencies in the Commonwealth. A firm that is not authorized to practice law in the Commonwealth of Massachusetts must apply for and obtain the Division's approval to engage in collection activity within the Commonwealth pursuant to said section 24 before it attempts to contact a Massachusetts debtor on behalf of a client. If the Division approves the firm's license application, the firm will be subject to the provisions of law and regulation applicable to licensed collection agencies. The restrictions cited in 209 CMR 18.07 and 209 CMR 18.04(1)(m) (see 98-215) would be applicable to the firm as a licensed collection agency.