Friday, September 03, 2010
Attorney General Settles With Collection Companies
WEST VIRGINIA....
West Virginia Attorney General Darrel McGraw says two debt collection companies have agreed to pay penalties and stop operating in West Virginia until they register with the state and post bonds. Carpenter Capital Investments, and National Recovery Services will each pay a $1,000 penalty. Carpenter also agreed to cancel debts previously assigned for collection. State law requires debt collectors to obtain a business registration certificate from the West Virginia Tax Department and to post a $5,000 bond for each office location before operating within the state. McGraw says neither company is registered as a debt collector in West Virginia.
West Virginia Attorney General Darrel McGraw says two debt collection companies have agreed to pay penalties and stop operating in West Virginia until they register with the state and post bonds. Carpenter Capital Investments, and National Recovery Services will each pay a $1,000 penalty. Carpenter also agreed to cancel debts previously assigned for collection. State law requires debt collectors to obtain a business registration certificate from the West Virginia Tax Department and to post a $5,000 bond for each office location before operating within the state. McGraw says neither company is registered as a debt collector in West Virginia.
# posted by Homer Owens @ 10:31 PM 
