§443B-4.52 Notice of termination of business. (a) Not less than sixty days before a collection agency terminates its business operations in the State, the registrant shall transmit a statement to the director and to each of the agency's clients indicating:
(b) If the registrant intends to transfer its client accounts to another collection agency, the notification shall also include:
(c) Registration is not canceled until the director has received the notice of termination, the terminating collection agency's registration, and if applicable, verified the validity of the purchasing agency's registration. [L 1990, c 246, pt of §1; am L 1997, c 40, §9]