Debt collection agency definition

Debt collection agency means an entity or institution that collects unpaid or past due debts on behalf of credit providers and such agency may include a legal practitioner involved in collection of debt on behalf of individuals or businesses;
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Debt collection agency means a person engaged in business the principal purpose of which is to regularly collect or attempt to collect debts owed or due or asserted to be owed or due to another and shall also include a buyer of delinquent debt who seeks to collect such debt either directly or through the services of another by, including but not limited to, initiating or using legal processes or other means to collect or attempt to collect such debt. The term does not include . . .
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Debt collection agency means a person, firm or corporation
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Examples of Debt collection agency in a sentence

  • Should An account be referred for debt collection the Client acknowledges and agrees to pay debt collection charges to be Calculated at not less than 20% plus GST and will be incurred On the day the Company refers the matter to their nominated Debt collection agency.

  • If the iPad is not returned, the School reserves the right to employ a Debt collection agency to recover the iPad or sufficient funds to replace the iPad.


More Definitions of Debt collection agency

Debt collection agency means an entity or institution that collects unpaid or past due debts for other businesses, creditors or lenders, and this may include legal practitioners involved in collection of debts on behalf of individuals or businesses;
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Debt collection agency means any person or entity with whom the Department has contracted for the collection of taxpayers’ liabilities, as authorized pursuant to Section 213.27, F.S. “Private auditor” means a certified public accountant with whom the Department has contracted to audit taxpayer accounts pursuant to Section 213.28, F.S.
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Debt collection agency legal entity identified as such in the list of the contracting parties on the first page of the General Terms.
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Debt collection agency means a person engaged in business
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Debt collection agency means any person or entity with whom the Department has
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Debt collection agency means “OOO Debt Collection Agency”, a limited liability company established under the laws of the Russian Federation.
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Related to Debt collection agency

  • Debt collection means the collection of unpaid tolls and applicable administrative fees by (i) 652 retention of a third-party debt collector or (ii) collection practices undertaken by employees of a toll 653 facility operator that are materially similar to a third-party debt collector.

  • Collection agency means a person that is directly engaged in collecting or attempting to collect a claim owed or due or asserted to be owed or due another, or repossessing or attempting to repossess a thing of value owed or due or asserted to be owed or due another person, arising out of an expressed or implied agreement. Collection agency includes an individual who, in the course of collecting, repossessing, or attempting to collect or repossess, represents himself or herself as a collection or repossession agency, or a person that performs collection activities that are regulated under article 9 of the occupational code, 1980 PA 299, MCL 339.901 to 339.920. Collection agency includes a person that furnishes or attempts to furnish a form or a written demand service that is represented to be a collection or repossession technique, device, or system to be used to collect or repossess claims, if the form contains the name of a person other than the creditor in a manner that indicates that a request or demand for payment is being made by a person other than the creditor even though the form directs the debtor to make payment directly to the creditor rather than to the other person whose name appears on the form. Collection agency includes a person that uses a fictitious name or the name of another in the collection or repossession of claims to convey to the debtor that a third person is collecting or repossessing or has been employed to collect or repossess the claim.

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Net Collections With respect to any Corrected Mortgage Loan, an amount equal to all payments on account of interest and principal on such Mortgage Loan.

  • Funding Agency means the trust or insurance company or companies licensed to do business in Canada and successors thereof as the Company may appoint from time to time to hold, administer and invest the Pension Fund.