| Date: | 07/01/1997 |
|---|---|
| Organization: | Division of Banks |
| Docket Number: | 97-161 |
This opinion was issued in the third quarter of 1997.
- This page, Summary of Selected Opinion 97-161, is offered by
- Division of Banks
Opinion
Opinion Summary of Selected Opinion 97-161
Table of Contents
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.