NJ Appellate Division Finds No Private Right of Action for Debt Purchaser’s Alleged Failure to Obtain State License
Troutman Sanders
OCTOBER 17, 2023
In 2010, the defendant purchased the account and placed it with a law firm for collection. The trial court granted summary judgment to the defendant on all claims finding that because the defendant was not a consumer lender it was not required to obtain the license at issue.
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