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H.B. 250

             1     

COLLECTION AGENCY AMENDMENTS

             2     
1999 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Sponsor: Ben C. Ferry

             5      AN ACT RELATING TO COLLECTION AGENCIES; CLARIFYING THE REGISTRATION
             6      REQUIREMENTS FOR COLLECTION AGENCIES; AND MAKING TECHNICAL CHANGES.
             7      This act affects sections of Utah Code Annotated 1953 as follows:
             8      AMENDS:
             9          12-1-1, as last amended by Chapter 66, Laws of Utah 1984
             10          12-1-5, as last amended by Chapter 66, Laws of Utah 1984
             11      ENACTS:
             12          12-1-10, Utah Code Annotated 1953
             13      Be it enacted by the Legislature of the state of Utah:
             14          Section 1. Section 12-1-1 is amended to read:
             15           12-1-1. Registration and bond required.
             16          No person shall conduct a collection agency, collection bureau, or collection office in this
             17      state, or engage in this state in the business of soliciting the right to collect or receive payment for
             18      another of any account, bill, or other indebtedness, or advertise for or solicit in print the right to
             19      collect or receive payment for another of any account, bill, or other indebtedness, unless at the time
             20      of conducting [such] the collection agency, collection bureau, collection office, or collection
             21      business, or of [doing such] advertising or soliciting, [such] that person or the person for whom
             22      he may be acting as agent, [shall have on file] is registered with the Division of Corporations and
             23      Commercial Code and has on file a good and sufficient bond as hereinafter specified.
             24          Section 2. Section 12-1-5 is amended to read:
             25           12-1-5. Record of registrations and bonds -- Right of inspection.
             26          The Division of Corporations and Commercial Code shall keep a record of [such] all
             27      registrations and bonds filed with it under the provisions hereof, with the names, places of


             28      residence, and places of business of the principals and sureties, and the name of the officer before
             29      whom the bond was executed or acknowledged, and the record shall be open to public inspection.
             30          Section 3. Section 12-1-10 is enacted to read:
             31          12-1-10. Applications -- Fees.
             32          (1) Each application for registration under this chapter shall be made on a form provided
             33      by the Division of Corporations and Commercial Code.
             34          (2) Each applicant shall pay to the Division of Corporations and Commercial Code an
             35      application fee determined under Section 63-38-3.2 .




Legislative Review Note
    as of 1-20-99 11:23 AM


A limited legal review of this legislation raises no obvious constitutional or statutory concerns.

Office of Legislative Research and General Counsel


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