Mass. Justices Say Passive Debt Buyer Doesn't Need License

Law360, Boston (April 9, 2018, 6:34 PM EDT) -- Massachusetts' top appellate court on Monday ruled debt buyer LVNV Funding LLC is not a licensed debt collector in the state, throwing out a summary judgment ruling in a suit that accused the so-called passive debt buyer of unlicensed debt collection.

In a 20-page opinion penned by Supreme Judicial Court Associate Justice Scott L. Kafker, the court found that LVNV, which buys up debt from other businesses after customers default, does not need to be licensed in order to operate in the Bay State. After a suit claiming unlicensed debt collection brought by two separate debtors was granted class certification in...

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