I’ve enjoyed your site for many years. Thank you for your contributions. I do have a question for you that you may be able to help. I’ve had a debt settlement company for about 20 + years. I deal mainly with Commercial, business to business debt and not consumer.
Occasionally I get people wanting me to settle their personal credit card debt from various states. I am away of the FTC restrictions, but I do not know what additions restrictions may apply on a state by state basis. Do you have access to a resource where I can look up each state’s requirements to operate with consumers and businesses within their states?
Let me first commend you for doing the right thing and getting the facts.
Frankly it is a dysfunctional patchwork quilt with many states having widely different regulations, licensing, and bonding requirements.
In the past we offered this free compliance program to help companies research the different state rules and regulations.
It was managed by USDR and I have no idea if they are still managing it.
But, just to make double and triple sure you are not wandering into hot water I would strongly suggest you contact one of the following law firms that specialize in debt settlement laws and compliance.
I would suggest focusing on one state at a time with whoever you decide to work with and making sure you are compliant. Until then you should absolutely avoid Washington, Kansas, West Virginia, Georgia, Colorado and Connecticut.
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