Sunday, February 5, 2012




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Collectors Receive Clarification on New York City ARM Rules

by Collection Agency Software

In the spring of 2009, the New York City Council passed Local Law No. 15, which significantly amended licensing and debt collection requirements for debt collectors and asset buyers operating in New York City. The Department of Consumer Affairs subsequently issued proposed rules implementing Local Law No. 15. The rules went into effect April 24, [...]

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