12-14-115. License - registration - unlawful acts.

(1) It is unlawful for any person to:

(a) Conduct the business of a collection agency or advertise or solicit, either in print, by letter, in person, or otherwise, the right to make collection or obtain payment of any debt on behalf of another without having obtained a license under this article; or

(b) Conduct the business of a collection agency under any name other than that under which licensed.

(2) and (3) Repealed.

(3.5) It is unlawful for a person to act as a collections manager without having complied with sections 12-14-119 and 12-14-122.

(4) It is unlawful for any person to employ any person as a solicitor, collections manager, or debt collector under this article without complying with this section.

Source: L. 85: Entire article R&RE, p. 427, § 1, effective July 1. L. 90: (3) amended and (4) added, p. 786, § 7, effective July 1. L. 95: Entire section amended, p. 1230, § 10, effective July 1. L. 2000: (2) and (3) repealed, p. 938, § 9, effective July 1.

Editor's note: This section was contained in an article that was repealed and reenacted in 1985. Provisions of this section, as it existed in 1985, are similar to those contained in § 12-14-102 as said section existed in 1984, the year prior to the repeal and reenactment of this article.

Am. Jur.2d. See 15A Am. Jur.2d, Collection and Credit Agencies, § 3.

C.J.S. See 53 C.J.S., Licenses, § 64.

Unlicensed collection agency is not lawfully entitled to bring suit against the maker of a note. B.C. Inv. Co. v. Throm, 650 P.2d 1333 (Colo. App. 1982) (decided under former § 12-14-102).