Minnesota Collection Agency Licensing Requirements:
License Required:
Yes
Surety Bond:
$5,000 to $20,000
Licensing Fee:
$1,050– Initial
$400 – Annual
$10 – Per Collector
If your business is providing debt collection services in the State of Minnesota (MN), you may be required to have a Collection Agency License issued by the Department of Commerce.
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. Additional fees may apply if filing online.
**Prerequisites may include registering with the MN Secretary of State and/or obtaining an Operator/Manager License
License Required:
Yes
Surety Bond:
$5,000 to $20,000
Licensing Fee:
$1,050– Initial
$400 – Annual
$10 – Per Collector
If your business is providing debt collection services in the State of Minnesota (MN), you may be required to have a Collection Agency License issued by the Department of Commerce.
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. Additional fees may apply if filing online.
**Prerequisites may include registering with the MN Secretary of State and/or obtaining an Operator/Manager License
