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

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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.

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.”