Massachusetts Collection Agency Licensing Requirements:
License Required:
Yes
Surety Bond:
$10,000 – $25,000
Licensing Fee:
$1,300
If your business is providing debt collection services in the State of Massachusetts (MA), you may be required to have a Debt Collector License issued by the Division of Banks.
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 MA Secretary of the Commonwealth and/or obtaining an Operator/Manager License.
License Required:
Yes
Surety Bond:
$10,000 – $25,000
Licensing Fee:
$1,300
If your business is providing debt collection services in the State of Massachusetts (MA), you may be required to have a Debt Collector License issued by the Division of Banks.
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 MA Secretary of the Commonwealth and/or obtaining an Operator/Manager License.
