LEGAL UPDATE Debt Collection Licensing Act Inapplicable to the Collection of “Routine” HOA Assessments
In 2020, California SB 908 enacted the California Debt Collection Licensing Act (“DCLA”), which requires persons engaged in the business of collecting “consumer debt” to apply for and obtain a debt collector license from the newly created California Department of Financial Protection & Innovation (“CDFPI”). In a recent posting on its website, the CDFPI determined the DCLA does not apply to... Read More

