EOS CCA Texas No Bond/License??

[Anonymous]

Hello, all!

Was just putzing around this morning.  This is what I found, and I have a couple questions!!

I have a collections account that was assigned to EOS CCA in February 2017.  What a stupid move that was!

Anyway, I'm looking in the state resources.  I searched my state of Texas for EOS CCA.  This is what I found.

Bonding Company Name

Found: 2  Displayed:  2

Principal Name: Collecto Inc dba EOS CCA fka Collecto Inc dba CCA fka Collecto Inc dba MBI # 1 Address: 409 McEwen Suite 700  Dallas, TX 75244  File Number: 20030179  Status: Canceled Close File  Date Filed: 10/3/2003  Cancellation Date: 12/2/2016  Phone:   Bonding Company: Travelers Casualty and Surety Company of America   Bond No: 104119731

Principal Name: Collecto, Inc. DBA EOS CCA # 2 Address: 700 Longwater Dr.  Norwell, MA 02061  File Number: 20170081  Status: Active  Date Filed: 5/1/2017  Cancellation Date:   Phone:   Bonding Company: Hartford Casualty Insurance Company   Bond No: 20BSBHN8714

States that file was closed in 2016.

Have I stumbled upon an avenue for removal?

Thanks in advance!

What a friggin' genius!!

[RobertEG]

I would interpret the postings as showing that their bond with Travelers was cancelled in 2016, and that they obtained a new bond with Hartford in 2017.  It thus appears that they are currently bonded.

Regardless, if any questions persist as to their current bonding or the effect of the apparent period of non-bonding, I would contact the Offic of the Secretary of State, Texas, for advise.  They are the agency responsible for recordation of bonding, and would the ones to contact for solid legal advise.

“Texas Finance Code, Sec. 392.101. BOND REQUIREMENT.

(a) A third-party debt collector or credit bureau may not engage in debt collection unless the third-party debt collector or credit bureau has obtained a surety bond issued by a surety company authorized to do business in this state as prescribed by this section. A copy of the bond must be filed with the secretary of state.

(b) The bond must be in favor of:

(1) any person who is damaged by a violation of this chapter; and

(2) this state for the benefit of any person who is damaged by a violation of this chapter.

(c) The bond must be in the amount of $10,000.”

[Anonymous]

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@RobertEG wrote:

I would interpret the postings as showing that their bond with Travelers was cancelled in 2016, and that they obtained a new bond with Hartford in 2017.  It thus appears that they are currently bonded.

Regardless, if any questions persist as to their current bonding or the effect of the apparent period of non-bonding, I would contact the Offic of the Secretary of State, Texas, for advise.  They are the agency responsible for recordation of bonding, and would the ones to contact for solid legal advise.

“Texas Finance Code, Sec. 392.101. BOND REQUIREMENT.

(a) A third-party debt collector or credit bureau may not engage in debt collection unless the third-party debt collector or credit bureau has obtained a surety bond issued by a surety company authorized to do business in this state as prescribed by this section. A copy of the bond must be filed with the secretary of state.

(b) The bond must be in favor of:

(1) any person who is damaged by a violation of this chapter; and

(2) this state for the benefit of any person who is damaged by a violation of this chapter.

(c) The bond must be in the amount of $10,000.”

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Thanks for the response, RobertEG.

You did notice that the second entry for Hartford was for an address in MA!?  I'm sure you did, I'm just asking for clarification.

Thanks and have a great day!

[RobertEG]

If Texas issued the bond and it is currently active, as demonstrated by the posted information, it appears that Texas has no prohibition against bonding companies who physically have offices outside the state from engaging in interstate commerce within their state.

If you are aware of any such regs, then perhaps that is an issue you can raise with the Sec of State for Texas.