{"id":10753,"date":"2014-12-05T07:29:51","date_gmt":"2014-12-05T14:29:51","guid":{"rendered":"http:\/\/blog.cucollector.com\/?page_id=10753"},"modified":"2014-12-05T07:29:51","modified_gmt":"2014-12-05T14:29:51","slug":"godzilla-returns-repo-forwarder-friendly-bill-poised-to-pass-in-michigan","status":"publish","type":"page","link":"https:\/\/curepossession.com\/hot-topics\/godzilla-returns-repo-forwarder-friendly-bill-poised-to-pass-in-michigan\/","title":{"rendered":"Godzilla Returns &#8211; Repo Forwarder Friendly Bill Poised to Pass in Michigan"},"content":{"rendered":"<p><a href=\"http:\/\/blog.cucollector.com\/wp-content\/uploads\/2014\/12\/gdzlla_eat_cr.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-10756\" src=\"http:\/\/blog.cucollector.com\/wp-content\/uploads\/2014\/12\/gdzlla_eat_cr-300x174.png\" alt=\"gdzlla_eat_cr\" width=\"300\" height=\"174\" srcset=\"https:\/\/curepossession.com\/wp-content\/uploads\/2014\/12\/gdzlla_eat_cr-300x174.png 300w, https:\/\/curepossession.com\/wp-content\/uploads\/2014\/12\/gdzlla_eat_cr.png 480w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>The exuberance over the victory over repossession forwarding Godzilla \u201cPAR\u201d appears to have been short lived. As reported in<a href=\"http:\/\/blog.cucollector.com\/hot-topics\/michigan-supreme-court-rules-against-forwarders\/\"> June, \u201cOpie Taylor\u201d aka, George Badeen of Midwest Recovery, Inc., had prevailed over beast \u201cGodzilla\u201d aka, PAR, ARS, etc., in the Michigan Supreme Court <\/a>who had ruled that the action of forwarding is a collection activity and as such is required to be licensed and regulated by the state.<\/p>\n<p>Even before the ink had dried on this decision, Republican State Senator Rick Jones had introduced a bill making it legal.<\/p>\n<p><strong>Introduced<\/strong> by Sen. Rick Jones (R) on May 20, 2014, <a href=\"http:\/\/blog.cucollector.com\/wp-content\/uploads\/2014\/12\/Mich_PAR_Badeen_2014-SEBS-0947.pdf\">SB 947 <\/a>was written to delete the requirement that the Department of Licensing and Regulatory Affairs (LARA) audit a collection agency on a biennial basis. The agencies would still be subject to current regulations and record keeping requirements, however. The bill would also establish as &#8220;the intent of the legislature&#8221; that the regulations apply to debt collection agencies, not the companies that hire them.<\/p>\n<p>This bill has allegedly passed both houses and is set for passage into law on the Governor\u2019s desk.<\/p>\n<p>It has been alleged that this Bill was the result of successful lobbying from the repossession forwarding industry who stood to lose millions of dollars annually in lost revenue.<\/p>\n<h2><a href=\"http:\/\/blog.cucollector.com\/wp-content\/uploads\/2014\/12\/Mich_PAR_Badeen_2014-SEBS-0947.pdf\"><span style=\"color: #ff0000;\">Read the Bill Here!<\/span><\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>The exuberance over the victory over repossession forwarding Godzilla \u201cPAR\u201d appears to have been short&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":10402,"menu_order":1,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-10753","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/pages\/10753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/comments?post=10753"}],"version-history":[{"count":0,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/pages\/10753\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/pages\/10402"}],"wp:attachment":[{"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/media?parent=10753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}