DCA Produces NYC's Foreign Languages Services Documentation Requirements

Licensing

Maryland Rent Collection in 2026: 7 Licensing Risks Property Managers Must Avoid

Property managers in Maryland are running into a question that is getting more attention and creating real operational risk. Does collecting rent, especially when a tenant is past due, trigger Maryland's collection agency licensing requirements?

Licensing

Licensing Challenges for Mortgage Servicers

Mortgage servicers play a central role in the housing finance system. They collect borrower payments, manage escrow accounts, respond to customer inquiries, and step in with loss mitigation or foreclosure processes when borrowers fall behind. Servicers act as the day-to-day managers of loans after origination, ensuring that cash flows properly between borrowers and investors. Since [...]

Licensing

The Pros and Cons of Outsourcing Debt Collection for Startups and Small Businesses

Cash flow is the lifeblood of every startup. When customers delay or default on payments, even the most innovative ideas can stall. Founders often face a critical challenge: Should we collect overdue invoices ourselves, or hand them off to a third-party debt collection agency? Outsourcing debt collection - sometimes called debt recovery outsourcing - has become increasingly common for [...]

Debt Collection & Buying

Debt Collection Bonding Requirements in New York City

A question we hear on a regular basis regarding collections in New York City is, "Is there a surety bond requirement that accompanies the license requirement?" The broad answer is "yes" - there is a debt collection bond requirement in NYC. But there is a huge caveat. The bond is only required for agencies that [...]

Debt Collection & Buying

Debt Collection Laws

*As of this writing - these are accurate. Cornerstone Support is not responsible for decisions based on this web content - please consult legal counsel before implementing based on information in this guide* Debt Collection Laws If you're in debt collection, then you are well aware of the importance of following the debt collection laws [...]

Licensing

Considerations when Completing the California Debt Collection License Application

On September 1, 2021, the California Department of Financial Protection and Innovation (DFPI) began accepting applications for debt collection licenses under the Debt Collection Licensing Act. This article walks through the information you must provide in the application and in the NMLS, plus key considerations for completing it accurately.