Related to:
Opinion

Opinion Summary of Selected Opinion 97-161

Date: 07/01/1997
Organization: Division of Banks
Docket Number: 97-161

This opinion was issued in the third quarter of 1997.

Licensing requirements for entities collecting debt owned by deceased persons

It is the opinion of the Division of Banks that Mass. Gen. Laws chapter 93 § 24 does not allow entities which collect debt from deceased debtors to be exempt from the collection agency licensing requirements. Therefore, such entities must obtain a collection agency license and comply with the provisions of Mass. Gen. Laws chapter 93 § 24, as well as 209 CMR 18.00 et seq.

Feedback

Tell us what you think