With passage of the Debt Collection Licensing Act, California joined a growing list of jurisdictions that require licensure to conduct debt collection activities, affecting thousands, if not tens of thousands, of entities.
Debt collectors have until the end of the 2021 to submit their applications, leaving little time to submit their materials and ensure they can continue to operate pending application approval. Who is covered, what the application requires, and how the process works are pressing questions for debt collectors currently operating in California.
In this Checkpoint Webcast, APPROVED COO Tim Lange and Buckley LLP Partner Katy Ryan teamed up to break down the act’s requirements, specifically discussing who’s covered by the act, exemptions from licensure, and next steps for industry and regulators.
- Tim Lange – Chief Operating Officer, APPROVED
- Kathryn L. Ryan – Partner, Buckley LLP
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