Collection Agencies: LAWDOG State Laws Credits & Collection

Collection Agency Licensing Requirements:
A third-party debt collector or credit bureau may not engage in debt collection activities in the State of Texas unless it has obtained a qualified surety bond in the sum of $10,000 and file the same with the Secretary of State. (Fin. C. 392.101.) A "third-party debt collector" includes a debt collector as defined under 15 U.S.C. Section 1692a(6), as well as an attorney collecting a debt as an attorney on behalf of and in the name of a client if the attorney has nonattorney employees who are regularly engaged to solicit debts for collection; or regularly make contact with debtors for the purpose of collection or adjustment of debts. (Fin. C. 392.001(7).)

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