Whether you are handling consumer and/or commercial accounts Cornerstone Support can assist in:
- Developing a licensing strategy that meets your strategic goals and objectives
- Implementing a licensing strategy by obtaining the appropriate state licenses
- Maintaining the state licenses through our Comprehensive Renewal Program
Whether you are collecting in-house or outsourcing the collections to a 3rd party collection agency, Cornerstone Support can assist you in obtaining licenses where required and provide your organization with the assurance that the agencies that represent you are appropriately licensed at all times.
Most state statutes provide specific language regarding the licensing requirements and related exemptions for collection law firms. Please note that if you operate a law firm whose primary practice consists of collection activities than there will be certain states that require licensing.
Although the Federal Trade Commission’s June 2, 2002 staff opinion letter regarding Section 803(6) of the Fair Debt Collection Practices Act is the most authoritative guidance with respect to the commission’s position on first party outsourcing, it has done little to clarify the various state positions on this matter. Whether you are handling consumer and/or commercial accounts, Cornerstone Support understands the state debt collection licensing requirements that impact you and can assist you in obtaining licenses where required.
If you are interested in providing accounts receivable management services to your existing suite of services Cornerstone Support can assist in:
- Developing a licensing strategy that meets your strategic goals and objectives
- Implementing a licensing strategy by obtaining the appropriate state licenses
- Maintaining the state licenses through our Comprehensive Renewal Program.
Are you concerned with the exposure related to unintentionally using an agency that is not appropriately licensed? Cornerstone Support can provide your organization with the assurance that the agencies that represent you are appropriately licensed at all times.
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Click below for a subset of the organizations which Cornerstone Support, Inc. is proud to have provided licensing support and services is provided below:
