Sec. 08.24.090. License required.

227 words·~1 min read·/ak/title-8/chapter-24/08-24-090

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A person other than a collection agency licensed and authorized under this chapter may not for compensation

(1)conduct a collection agency business in this state;

(2)collect claims for others in this state;

(3)solicit the right to collect or receive payment of a claim for another;

(4)advertise or solicit either in print, by letter, in person or otherwise, the right to collect or receive payment of a claim for another;

(5)seek to make collection or obtain payment of a claim on behalf of another.

(b)This chapter does not apply to the following when engaged in the regular course of their respective businesses:

(1)attorneys at law;

(2)persons regularly employed on a regular wage or salary in the capacity of credit men or a similar capacity, except as an independent contractor;

(3)banks, including trust departments of banks, fiduciaries and financing and lending institutions;

(4)common carriers;

(5)title insurers and abstract companies while doing an escrow business;

(6)licensed real estate brokers;

(7)employees of licensees under this chapter;

(8)substation payment offices employed by or serving as independent contractors for public utilities.

(c)A violation of this section is a misdemeanor punishable by imprisonment in a jail for not to exceed one year, or by a fine of not more than $1,000, or by both.