Michigan Collection Agency Licensing Requirements:
License Required:
Yes
Surety Bond:
$5,000 – $50,000
Licensing Fee:
$150 – Investigation
$225 – Initial
$125 – Annually
Exemption:
For out-of-state collectors: Out-of-state collector are exempt if [1] collecting by interstate means; and [2] have no clients in the state of Michigan.
If your business is providing debt collection services in the State of Michigan (MI), you may be required to have a Collection Agency License issued by the Department of Licensing and Regulatory Affairs' Bureau of Commercial Services.
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. An additional $85 fee may apply of the manager is not a business owner.
**Prerequisites may include registering with the MI Corporations Division and/or obtaining an Operator/Manager License.
License Required:
Yes
Surety Bond:
$5,000 – $50,000
Licensing Fee:
$150 – Investigation
$225 – Initial
$125 – Annually
Exemption:
For out-of-state collectors: Out-of-state collector are exempt if [1] collecting by interstate means; and [2] have no clients in the state of Michigan.
If your business is providing debt collection services in the State of Michigan (MI), you may be required to have a Collection Agency License issued by the Department of Licensing and Regulatory Affairs' Bureau of Commercial Services.
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. An additional $85 fee may apply of the manager is not a business owner.
**Prerequisites may include registering with the MI Corporations Division and/or obtaining an Operator/Manager License.
