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Securities Division > Resources for > Collection Agency Collection Agency

Resources

Frequently Asked Questions

What are the initial application requirements?

  • Collection Agency Application
  • $5,000 original surety bond for each location
  • $100.00 filing fee for main office
  • $30.00 filing fee for each branch office

What are the renewal application requirements?

  • Renewal application packet is due by December 1 of the year in which the license expires
  • Requirements to renew the license is the same for obtaining an initial license

What is the licensing period?

  • Initial license expires on December 31 of the year following issuance of the license
  • Renewal license is valid for two years, expiring on December 31

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