New Bond Amounts for North Dakota

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 [...]

Compliance

New Jersey: New Data Privacy Law

New Jersey enacts new Data Protection Act, effective Jan 16, 2025, setting comprehensive consumer data privacy standards for businesses.

Compliance

New Minnesota Data Privacy Law: What You Need to Know

Minnesota has taken major steps to protect consumer rights and secure the handling of personal data. New privacy legislation puts a spotlight on the duties of financial services businesses, lenders, and debt collectors. It underscores how important compliance with these new Minnesota laws has become and sets a benchmark for protecting sensitive data.

Licensing

New Money Transmitter Licensing Requirements Under the MTMA

Recent updates under the Uniform Money Transmission Modernization Act (MTMA) mean several states have significantly revised their licensing requirements. If you operate in financial services or virtual currency, note that money transmitter licensing may now be required where it was not before. Many businesses will need to reassess their compliance strategies to meet the new standards.