(1) Any person, firm, company, partnership, or corporation which engages in business as a recovery agency shall have a Class βRβ license. A Class βRβ license is valid for only one location.
(2) Each branch office of a Class βRβ agency shall have a Class βRRβ license.
(3) Any individual who performs the services of a manager for a Class βRβ recovery agency or a Class βRRβ branch office must have a Class βMRβ license. A Class βEβ licensee may be designated as the manager, in which case the Class βMRβ license is not required.
(4) Any individual who performs the services of a recovery agent must have a Class βEβ license.
(5) Any individual who performs repossession as an intern under the direction and control of a designated, sponsoring Class βEβ licensee or a designated, sponsoring Class βMRβ licensee shall have a Class βEEβ license.
(6) Class βEβ or Class βEEβ licensees shall own or be an employee of a Class βRβ agency or branch office.
(7) Any person who operates a recovery agent school or training facility or who conducts an Internet-based training course or a correspondence training course must have a Class βRSβ license.
(8) Any individual who teaches or instructs at a Class βRSβ recovery agent school or training facility shall have a Class βRIβ license.