Amends existing law to revise the regulations and requirements for collection agencies.

This proposed legislation adds a provision to allow collection agencies to collect incidental charges included in the contract between the creditor and the debtor. Additionally, the legislation creates licensing efficiencies by requiring the use of an electronic system of licensing and allowing for reinstatement of an expired license. Further, the legislation revises license, registration, and renewal application fees, while also eliminating a licensing requirement regarding a responsible person in charge of a licensee. Finally, the legislation changes quarterly agent reporting requirements to an annual requirement, thereby eliminating the associated fees for quarterly reporting.