"I
was referred to Janet by another company. I
obtained my license and Janet did
it quick, the price was fair and my application
did not even get any conditions. I received my license
and I am very satisfied with the work they did.
Thank You.”
Disclaimer: The information provided in this site is not legal advice, but general information on audit, compliance and licensing issues commonly encountered by Collection Companies. Orion Licensing's Service is not a law firm and is not a substitute for an attorney or law firm. Orion Licensing, Inc. cannot provide legal advice and can only provide self-help services at your specific direction.
Once you begin the Collection Agency license
application process, you are going to need
gather certain documents that will be required
with your Collection Agency license application.
The most common supporting documents are:
1
Articles of Formation
2
Certificates of Good Standing
3
Corporate Financial Statements
4
Surety Bonds
5
Qualification Authority from the
New State
Each state maintains its own list of required
documents in order to obtain a Collection
Agency license in that state, so more items
may be required. If you do not have any of
these documents we can also help you obtain
them.
The time for each state to process a Collection
Agency license varies by the state licensing
authority. Certain states take longer than
others to process a Collection Agency license
application. Call us to discuss the processing
times of the specific states you are interested
in.
Each state varies when it does not have its
own regulatory agency. Typically it means
that a company must register to do business
in this state but the Collection Agency Company
does not need to obtain a separate, specialized
collection agency license. Even if a State
does not have a separate regulatory agency,
this does not mean that the State does not
have collection laws that must be followed.
Federal law as well as individual State laws
still dictate what actions a Collection Agency
must follow. Both Federal and State laws must
be complied with or else the Collection Agency
risks civil and possibly criminal penalty
and lawsuits.
Each state varies in its requirements for
whether an individual employee must have a
separate license. Most states do not require
individuals to obtain their own license. Call
us with the states are you interested in.
