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Out-of-State CA Must file Bond in NJ


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Posted by Christina (205.188.209.12) on January 23, 2003 at 11:31:10:


Receiving notice from the Notary of Secretary of State of NJ, "If an out-of-state collection agency is attempting to collect funds in the State of New Jersey for a third-party, they MUST have a $5000 bond on file with our office."


At the very least this would violate the FDCPA for unfair and deceptive practices.

If any money is, or was paid to a CA not bonded, I wonder if that would/could fall under Fraud.


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