Maine Collection Agency Licensing Requirements:
License Required:
Yes
Surety Bond:
$25,000 to $50,000
Licensing Fee:
$400 Yearly
Exemption:
for out-of-state collectors: Contact state authority. Licensing authority is allowing some exemptions to out-of-state agencies that collect for nonresident creditors and are not soliciting.
If your business is providing debt collection services in the State of Maine (ME), you may be required to have a Debt Collector License issued by the Bureau of Consumer Credit Protection.
Furthermore, the State may reject your application if you have not met certain prerequisites** prior to submission.
*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 ME Secretary of State and/or obtaining an Operator/Manager License.
License Required:
Yes
Surety Bond:
$25,000 to $50,000
Licensing Fee:
$400 Yearly
Exemption:
for out-of-state collectors: Contact state authority. Licensing authority is allowing some exemptions to out-of-state agencies that collect for nonresident creditors and are not soliciting.
If your business is providing debt collection services in the State of Maine (ME), you may be required to have a Debt Collector License issued by the Bureau of Consumer Credit Protection.
Furthermore, the State may reject your application if you have not met certain prerequisites** prior to submission.
*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 ME Secretary of State and/or obtaining an Operator/Manager License.
