Patty Simpson, Petitioner v. Cavalry Spv I, LLC, Assignee of Hsbc Bank Nevada, N.a./orchard Bank, Respondent

Summary

The court answered both certified questions affirmatively, holding that an entity that purchases delinquent accounts and retains a law firm to pursue collection is attempting to collect under Arkansas law. Because the statutory language expressly covers purchasers that attempt to collect delinquent accounts, the entity is a collection agency and must obtain the required license. The court held that retaining an attorney to litigate the collection action does not alter that conclusion.