Starting a collection agency requires meeting strict licensing requirements, and our Collection Agency License Guides are here to help. At Bryant Surety Bonds, we offer detailed, state-by-state instructions for securing your collection agency license – including how to obtain the required collection agency bond, complete your license application, and comply with both state and federal debt collection laws. Whether you’re launching a new agency or expanding your operations across multiple states, our guides provide everything you need to navigate the licensing process successfully. Browse our up-to-date collection agency licensing resources and take the next step toward growing your agency.
In the U.S., collection agencies play an important role in the economy. Through the work of debt collection companies, many businesses and governmental entities are able to collect the money they are owed. Debt collection
A number of professionals in the financial field from across the U.S. undergo their licensing procedures through the Nationwide Multistate Licensing System & Registry (NMLS). If you are a mortgage broker or lender, collection agency,
To operate as a collection agency, a collector, or a solicitor in the state of Wisconsin, you need to have a collection agency license from the state Department of Financial Institutions. To obtain a Wisconsin
To operate as a collection agency in the state of Maine, you need to get a collection agency licensed (also known as a debt collector license). Anyone who qualifies as a debt collector under federal
To collect third-party consumer-debt, or to purchase or directly collect consumer debt in Massachusetts, you need to obtain a collection agency license (also known as a debt collector license). This type of license is issued
Anyone in Minnesota engaged in the business of collecting for others accounts, bills or other types of debt must obtain a Minnesota collection agency license. This license is issued and regulated by the state Department
Anyone who wants to offer debt collection services in Utah must become registered with the Division of Corporations and Commercial Code. The application process for the Utah collection agency license is very simple and straightforward.
To collect or attempt to collect any kind of debt in the state of Hawaii, you will require a collection agency license. This license is issued by the Department of Commerce and Consumer Affairs (DCCA).
A number of businesses need to get a North Carolina collection agency license before they can work legally in the state. The North Carolina Department of Insurance requires the licensing from agencies to ensure they
The Colorado Fair Debt Collection Practices Act (CFDCPA) requires individuals and businesses wishing to collect debt in the state to apply for a license. Collection agency licenses in the state are issued by the Colorado
