in Newswire Published on June 15, 2018

Class Action Claims DeVille Asset Management Not Licensed to Collect Texas Woman’s Debt

Uribe v. Deville Asset Management, Ltd

Filed: June 11, 2018 ◆§ 5:18cv562

DeVille Asset Management, Ltd. is facing a proposed class action lawsuit in which a Texas resident claims the defendant attempted to collect a debt amount it was not permitted to collect under state and federal law.

Defendant(s)

Deville Asset Management, Ltd.

Law(s)

Fair Debt Collection Practices Act

State(s)

Texas

According to the complaint, the plaintiff owed a debt to Santander Bank for a car loan that was purchased by the defendant in March 2017. In June of that year, the debt collector supposedly sent the plaintiff a letter offering to settle the debt for $7,545.62. The lawsuit alleges that in sending the letter, the defendant was “acting as a holder,” as specified in the Texas Finance Code, which the case says requires debt holders to obtain a license.

“Where a holder fails to obtain the required license, it is prohibited by law from acting as a holder,” the complaint reads.

DeVille is unlicensed as a holder, the lawsuit claims, and therefore attempted to collect on a debt “it is prohibited from collecting.”

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