Member Alerts

Illinois Debt Buyer Bill Law Signed Into Law

On August 24, 2012, Illinois Governor Pat Quinn signed into law House Bill 5016 which amends the Illinois Collection Agency Act to explicitly bring Debt Buyers under its authority with some noteworthy exceptions.

The law defines “Debt Buyer” as “a person or entity that is engaged in […]

Kansas Supervised Lender Licensing

DBA International originally issued a member alert in 2009 regarding the licensing of debt buyers that purchased supervised loans in Kansas.

Kansas Attorney General Derek Schmidt has issued an opinion (Attorney General Opinion No. 2012-11) which emphasizes the requirement for licensure of assignees of supervised loans under the Kansas Uniform Consumer […]