Connecticut Collection Agency Licensing Requirements:


License:  Required
Bond:      $25,000
Fees:       $900

Additional Fees:

• $800 for license renewal

Exemptions:
Those not needing license include:

• An individual employed on the staff of a licensed consumer collection agency, or by a creditor who is exempt from licensing, when attempting to collect on behalf of such consumer collection agency.
• Persons not primarily engaged in the collection of debts from consumer debtors who receive funds in escrow for subsequent distribution to others, including, but not limited to real estate brokers and lenders holding funds of borrowers for payment of taxes or insurance.
• Any public officer or a person acting under the order of any court.
• Any member of the bar of Connecticut.
• A person who services loans or accounts for the owners thereof when the arrangement includes, in addition to requesting payment from delinquent consumer debtors, the providing of other services such as receipt of payment, accounting, record-keeping, data processing services and remitting, for loans or accounts which are current as well as those which are delinquent.
• A bank or out-of-state bank
• A subsidiary or affiliate of a bank or out-of-state bank, to the extent such affiliate or subsidiary is not primarily engaged in the business of purchasing and collecting upon delinquent debts not secured by real property.

Contacts:



*This fee may have changed since this page was last updated and is dependent upon the date of application.
**Prerequisites may include registering with the CT Secretary of State and/or obtaining an Operator/Manager License.