Sep 16, 2026Board meeting
Debt Collection Advisory Committee Advisory Committee Meeting
The meeting included an overview of the debt collection program assessment process, covering the calculation methodology, invoice issuance through the Nationwide Multi-state Licensing System (NMLS), and payment procedures. There was a discussion regarding the need for accurate reporting of net proceeds in annual reports, with an emphasis on potential enforcement actions for inaccuracies. Additionally, the committee discussed the possibility of providing a public-facing report on debt collection complaints and fielded questions regarding the scope and costs of examination processes.