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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:
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
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 [
21 business, or of [
22 he may be acting as agent, [
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 [
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.