Michigan Compiled Laws
Article 9 - (339.901...339.920)
Section 339.911 - Collection Agency Manager's License or Collection Agency License; Requirements.

Sec. 911.
The department shall issue a collection agency manager's license or a collection agency license to an individual who meets all of the following requirements:
(a) Has a high school diploma or demonstrates to the satisfaction of the department that the applicant possesses the equivalent of a high school education.
(b) Has had at least 6 months of full-time experience in the collection of accounts.
(c) Has passed the examination approved by the department.
(d) Is at least 18 years of age.
(e) Is of good moral character.
History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 ;-- Am. 1981, Act 83, Imd. Eff. July 1, 1981 ;-- Am. 1988, Act 463, Eff. Sept. 1, 1989 Popular Name: Act 299

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 339 - Occupational Code

Act 299 of 1980 - Occupational Code (339.101 - 339.2919)

Article 9 - (339.901...339.920)

Section 339.901 - Definitions.

Section 339.902 - Collection Practices Board; Creation.

Section 339.903 - Pretended Purchase or Assignment of Account; Applicability of Article.

Section 339.904 - Collection Agency; License Required for Each Place of Business; Exceptions to Licensing Requirement of Subsection (1); Qualifications of Applicant.

Section 339.905 - Repealed. 1988, Act 463, Eff. Sept. 1, 1989.

Section 339.906 - Collection Agency; License Nontransferable; Notification of Changes in Corporate Structure, Partnership, Name, or Address.

Section 339.907 - Corporate Surety or Cash Bond; Action on Bond; Aggregate Liability; Cancellation of Bond.

Section 339.908 - “Owner Manager” Defined; Personal Supervision of Collection Agency by Licensed Collection Agency Manager or Owner Manager; Notice; Limitation.

Section 339.909 - Separate Trust Account; Maintenance by Collection Agency; Designation as Trust Account; Disbursements and Withdrawals.

Section 339.910 - Books, Accounts, and Records; Use; Preservation; Accessibility; Annual Report; Financial Report of Trust Account; Audit; Information Provided to Director Exempt From Disclosure; Exception; Compliance Attestation Report.

Section 339.911 - Collection Agency Manager's License or Collection Agency License; Requirements.

Section 339.912 - Applicant for Collection Agency Manager's License; Written Examination.

Section 339.913 - Collection Agency Manager's License; Display.

Section 339.914 - Repealed. 1996, Act 151, Imd. Eff. Mar. 25, 1996.

Section 339.915 - Licensee; Prohibited Acts.

Section 339.915a - Licensee; Additional Prohibited Acts; Section Construed; "Affiliate" Defined.

Section 339.916 - Action for Damages or Other Equitable Relief; Recovery; Civil Penalty; Attorney's Fees and Court Costs.

Section 339.917 - Conduct of Licensee Subject to Penalties.

Section 339.918 - Communication With Consumer; Notice; Effect of Disputing Validity of Debt; Verification of Debt; Failure to Dispute Validity of Debt.

Section 339.919 - Communication With Person Other Than Debtor; Location Information.

Section 339.920 - Taking Possession of Assets, Books, and Records of Licensee for Purpose of Liquidating Business or Other Relief; Application for Court Order; Notice.