The licensed manager to be actively in charge of a collection agency shall:

1. A. have reached the age of majority;
2. B. not have been convicted of a felony or crime involving moral turpitude;
3. C. be a graduate of a high school or provide proof to the director that the licensed manager is possessed of the equivalent of a high school education;
4. D. pass the examination required;
5. E. pay the examination fee to the director;
6. F. have been actively and continuously engaged or employed in the collection of accounts receivable for at least two of the five years next preceding the filing of the application; and
7. G. have a good credit record.

History: Laws 1987, ch. 252, § 11; 1999, ch. 272, § 30; 2021, ch. 70, § 10.

ANNOTATIONS

The 2021 amendment, effective June 18, 2021, removed United States citizenship as a qualification for a licensed manager of a collection agency; and deleted former Subsection A and redesignated the succeeding subsections accordingly.

The 1999 amendment, effective June 18, 1999, deleted former Subsection D, which read "have been a bona fide resident of this state continuously for at least six months prior to the date of the filing of the application", and redesignated the subsequent subsections accordingly.