Re: Asset acceptance
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Posted by Dave
(149.174.164.20) on June 18, 2004 at 15:13:21:
In Reply to: Asset acceptance posted by WA State on June 18, 2004 at 14:40:43:
NO. They, by definition of WA state law are not a collection agency and do not need any type of license, they own the debt and therefore dont meet WA's criteria of a CA. As per federal law, they ARE a CA, but you are in a state court so WA law is what applies. You can look it up at www.wa.gov. Goto licenses (on the right) and collection agency page, it has a link to the applicable laws.
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