Re: Cambece

Posted by Bob3 (216.99.247.213) on September 25, 2003 at 02:27:50:

In Reply to: Re: Cambece posted by info on September 24, 2003 at 15:03:35:

Texas doesn't require a debt collector to be licensed in Texas, but it does require a surety bond if he wants to collect in Texas.

CHAPTER 392. DEBT COLLECTION
SUBCHAPTER B. SURETY BOND
§ 392.101. Bond Requirement
(a) A third-party debt collector or credit bureau may not engage in debt collection unless the third-party debt collector or credit bureau has obtained a surety bond issued by a surety company authorized to do business in this state as prescribed by this section. A copy of the bond must be filed with the secretary of state.
(b) The bond must be in favor of:
(1) any person who is damaged by a violation of this chapter; and
(2) this state for the benefit of any person who is damaged by a violation of this chapter.
(c) The bond must be in the amount of $10,000.

Call the Secretary and State's office and they will check. If not bonded, they will send you a letter stating so.

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