I.C. System Assists in Passing Third Party Collector Licensing Bill in Minnesota

I.C. System aided in the design and legislative passing of a recent Minnesota collector licensing bill. On April 23rd, 2012 Governor Mark Dayton signed the bill which goes into effect in the summer of 2012. The bill clarifies the ambiguous third party collector statute requirements.

The Minnesota Association of Collectors (MAC) solicited the help of legislative lobbyists and a select few Minnesota-based collection agencies, including I.C. System, to attempt to create more clarity in the law. The intent was to improve upon vague verbiage which existed in State of Minnesota Statutes for proper employee background screening requirements, among other items.

“I.C. System has worked diligently with collection industry advocacy groups and key industry leaders to help lead this bill through the proper political channels. We felt strongly that change was needed to create a level playing field across the industry,” said I.C. System President John Erickson.

I.C. System hosted a series of legislator tours of their home office with the intention of educating elected officials on industry challenges and to gain insights as to how I.C. System conducts business. The Minnesota Association of Collectors worked through their state lobbyists to draft the new third party collector licensing bill and to get Minnesota Senate and House sponsors to introduce and support the bill. Several Senators and State Representatives came forward to support the proposed licensing bill.

“We always try to do what is right for our clients, employees and consumers. The clear language in the new statute insures all parties know what the rules are. We’re proud of the route that we chose, along with the MAC, to advocate for these changes,” said Tom Gavinski, I.C. System, Vice President of Legislative Initiatives.

I.C. System, Inc., has been providing Receivables Management Solutions Since 1938.