Maryland Collection Agency Licensing Requirements:
License Required:
Yes
Bond:
$5,000
Licensing Fee:
$700 each office
If your business is providing debt collection services in the State of Maryland (MD), you may be required to have a Collection Agency License issued by the Commissioner of Financial Regulation.
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.
**Prerequisites may include registering with the MD Department of Assessments and Taxation and/or obtaining an Operator/Manager License.
License Required:
Yes
Bond:
$5,000
Licensing Fee:
$700 each office
If your business is providing debt collection services in the State of Maryland (MD), you may be required to have a Collection Agency License issued by the Commissioner of Financial Regulation.
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.
**Prerequisites may include registering with the MD Department of Assessments and Taxation and/or obtaining an Operator/Manager License.
