(a) Each collection agency shall renew its registration by June 30 of each even-numbered year.

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Terms Used In Hawaii Revised Statutes 443B-4.58

  • Collection agency: includes :

    (1) Any person using any name other than the person's own in collecting the person's own claims with the intention of conveying, or which tends to convey the impression that a third party has been employed;

    (2) Any person who, in the conduct of the person's business for a fee, regularly repossesses any merchandise or chattels for another; and

    (3) Any person who regularly accepts the assignment of claims or money due on accounts or other forms of indebtedness and brings suits upon the assigned claims or money due on accounts or other forms of indebtedness in the person's own name; provided that any suits shall be initiated and prosecuted by an attorney who shall have been appointed by the assignee. See Hawaii Revised Statutes 443B-1

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Director: means the director of commerce and consumer affairs. See Hawaii Revised Statutes 443B-1
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Principal collector: means an individual who has been designated by a collection agency to assume responsibility for the operations and activities of the agency's office in this State. See Hawaii Revised Statutes 443B-1
(b) When renewing its registration, an agency shall submit to the director the following:

(1) An application on a form prescribed by the director;
(2) Satisfactory evidence that the collection agency is bonded as required by § 443B-5;
(3) A certificate of good standing or a certificate of authority issued by the business registration division, if the applicant is a corporation, partnership, or joint venture;
(4) The name and business address of the applicant’s principal collector who is authorized to directly manage and control the daily operations of the applicant’s Hawaii office; and
(5) A renewal fee in the amount specified by rule.
(c) Failure on the part of a collection agency to renew its registration as provided in subsection (a) shall cause the registration to be forfeited; provided that the director may make an exception for good cause shown.