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ARTICLE · 10 MAY 2023

Spring Cleaning: Changes To Collection Agency Laws

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The spring season has brought with it amendments and proposed changes to collection agency licensing provisions, as state legislatures engaged in some "spring cleaning" to clarify and modernize existing laws.

United StatesFinance and Banking
Krista Cooley
Krista Cooley
Francis L. Doorley
Francis L. Doorley
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The spring season has brought with it amendments and proposed changes to collection agency licensing provisions, as state legislatures engaged in some "spring cleaning" to clarify and modernize existing laws. Amendments passed in Utah and Wyoming, and important proposed changes in Nevada, reflect a trend to bring collection agency licensing laws up to date with market practice, or repeal outdated, inconsistent, or duplicative laws. Below, we provide a primer on enacted or proposed collection agency licensing changes in these three jurisdictions.

Utah

On March 13, 2023, the Utah legislature enacted amendments to the Utah Collection Agency Act through House Bill 20. House Bill 20 repeals most of the Collection Agency Act, including the requirement for a collection agency to register with the Utah Department of Commerce. House Bill 20 leaves in place the section of the Collection Agency Act that authorized the imposition of a "convenience fee" in

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