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Current as of January 01, 2024 | Updated by Findlaw Staff
The commissioner of finance and administration shall promulgate rules and regulations for the determination and regulation of responsible licensed and bonded debt collection agencies and other responsible agents for collection. The commissioner shall determine the collection fees to be paid to any such agency or agent, which fees shall be a percentage of the amount of the debt recovered, but the commissioner shall not under any circumstances pay any agency or agent a fee of more than fifty percent of the amount of the debt recovered.
Cite this article: FindLaw.com - West Virginia Code Chapter 14. Claims Due and Against the State § 14-1-18b. Regulations applicable to debt collectors - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-14-claims-due-and-against-the-state/wv-code-sect-14-1-18b/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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