HRS §443B-10.5
Collection agencies must handle client money responsibly
A collection agency is a trusted caretaker of money it collects for its clients. It must follow the client agreement and all laws when keeping and paying out those funds.
businesses
The statute, as written — Fiduciary responsibility
Each collection agency shall be considered a fiduciary with respect to its clients and shall keep and disburse funds collected on its client's behalf in strict compliance with any agreement made with a client and with all applicable laws.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.