Navigating Corporate Changes for Debt Collection Licensing
Is your company going through changes that may require actions to maintain your collection licensing?
Cornerstone Support has established a reputation over 20+ years as the premier licensing service provider to the collection industry. We’ve frequently had requests to assist agencies that are dealing with civil and/or administrative action related to issues with their state collection licenses.
While some are from agencies that did not have a license, surprisingly many are from agencies that unknowingly are out of compliance because they did not appropriately report a corporate change.
Though a corporate change may seem trivial to an agency, the consequences of not reporting the change can be costly and significant. Time is of the essence with regard to reporting corporate changes. Don’t get stuck with avoidable fines and penalties by timely reporting corporate changes.