If you have debtors whose residence is in Yonkers, NY please make note of this existing license requirement.
Recently the City of Yonkers, NY has begun enforcing their requirement for debt collectors to obtain a license to pursue debt collection from its residents. This requirement, which appears to have been in effect since 2004 and is found in the Yonkers Consumer Protection Code (Article XVIII) Section 31-158.
The Consumer Protection Bureau for the city says the debt collection agency license requirement applies to:
- Any debt collection agency located in the City of Yonkers; or
- Any debt collection agency attempting to collect from a resident of Yonkers.
The license fee is $150 per year and expires annually on May 31st. The license application is available on the Yonkers Consumer Protection Bureau website.
Debt collection agencies attempting to collect debts from Yonkers residents are encouraged to contact the city’s Consumer Protection Bureau for clarification, or their own legal counsel.
Notably, although New York does not currently have a statewide licensing requirement, New York City and Buffalo, N.Y., also impose separate debt collection agency license requirements.
