A licensee shall maybe perhaps not try to gather from a borrower’s account after two consecutive efforts have unsuccessful, unless the licensee obtains new penned authorization from the debtor to electronically move or withdraw funds through the debtor’s account.
Amended by 132nd General Assembly File No. TBD, HB 123, В§1, eff. 10/29/2018, relevant to loans which are made, or extensions of credit which can be acquired, on or after a romantic date that is 180 times following the effective date with this work. Continue reading “Collection after to consecutive attempts.”