(1) It is unlawful for any person to:
(a) Conduct the business of a collection agency or advertise or solicit, either in print, by letter, in person, or otherwise, the right to make collection or obtain payment of any debt on behalf of another without having obtained a license under this article 16; or
(b) Conduct the business of a collection agency under any name other than that under which licensed.
(2) It is unlawful for a person to act as a collections manager without having complied with sections 5-16-119 and 5-16-122.
(3) It is unlawful for any person to employ a person as a solicitor, collections manager, or debt collector under this article 16 without complying with this section.