Today, insideARM.com is announcing the launch of a new section of the site focused on state licensing and bonding requirements for debt collection agencies and ARM firms. The State Licensing Resources page is the latest in our push to cover all of the compliance topics in the ARM industry.
State licensing can be an arduous task for collection agencies, debt buyers, and collection attorneys. Each state has different requirements; some have none at all.
We’ve organized our State Licensing page as a map of the 50 U.S. states (plus the District of Columbia and Puerto Rico). You can mouseover each state to get a quick snapshot of that state’s requirements and click on the state for more detail.
Right now, the mouseover snapshots for each state are complete. In addition, there is detail on about 20 states. Over the next couple of weeks, we will be rolling out new states, some of which have active developments in licensing requirements.
For example, Arizona currently has a bill that would clarify some licensing renewal deadlines for collectors. That bill is covered in the section right now (click on Arizona on the state map), but there are more out there.
The State Licensing for Collection Agencies page is being generously underwritten by Cornerstone Support, the leader in licensing for the ARM industry. Any content we produce on state licensing will bear the following stamp linking directly to the section: