Here is what I can find on needing to be licensed as a COLLECTION AGENCY (not to be confused with their filing as a foreign LLC back in August 11).
Arizona Fair Debt Collection Practices Act § 32-1055. Unlawful acts
A. It is unlawful for a person to conduct a collection agency in this state without having first applied for and obtained a license under this chapter.
Arizona Fair Debt Collection Practices Act § 32-1056. Violation; classification
A. A person operating a collection agency without a license shall be guilty of a class 1 misdemeanor.
B. A licensee violating the provisions of § 32-1055 or the rules and regulations adopted pursuant to this chapter shall be subject to revocation of license and shall be guilty of a class 1 misdemeanor.
One of the things I'd like to understand is when a company like GE sells accounts, wouldn't they group them by state, etc and only sell them to those who could take them? As I went back to look at this info, the second JDB's name isn't on the list either of licensed Collection Agencies. Are they potentially violating any collection acts by buying accounts they cannot even collect on?
Interestingly, the Bill of Sale included in the documents for the supposed sale from JDB #1 to JDB #2 states that their agreement is dated as of June 20, 2011 between seller and buyer and the last line says "For the purpose of this Bill of Sale the Sale File date shall be September 8, 2011".
The BOS from OC to JDB #1 has a signature from the supposed VP of GE signed and hand dated 6/28/11, but "letter" from employee/custodian of records states the sale happened on or about 6/24/11.
A credit report shows that JDB #1 did an "account review inquiry" on 6/23/11, the day before the supposed sale from OC to JDB or 5 days before the VP signed the agreement. (Did they even have a right at that point to pull the records? GE would really give out info on someone before legally having completed a sale?
JDB #1 also did the inquiry 3 days after they supposedly agreed to sell the account to JDB #2. How would they have even known back on 6/20 that they had the alleged account to sell? Pretty efficient group of people if you ask me :-)
JDB #1 also did a credit inquiry on 9/18/11 which would have been 10 days AFTER the supposed sale to JDB #2 so if they've really sold the account, they shouldn't be doing an inquiry on the account.
Thanks for any insight! I appreciate all of the helpful info.