North Dakota Collection Agency Licensing Requirements:
License Required:
Yes
Surety Bond:
$20,000
License Fee:
$700
Exemption:
For out-of-state collectors: Out-of-state collectors may be exempt if [1] collecting only; [2] their office is located in a state that has a reciprocal law; and [3] the state has “enacted similar legislation”.
If your business is providing debt collection services in the State of North Dakota (ND), you may be required to have a Collection Agency License issued by the Department of Financial Institutions.
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 ND Secretary of State and/or obtaining an Operator/Manager License.
License Required:
Yes
Surety Bond:
$20,000
License Fee:
$700
Exemption:
For out-of-state collectors: Out-of-state collectors may be exempt if [1] collecting only; [2] their office is located in a state that has a reciprocal law; and [3] the state has “enacted similar legislation”.
If your business is providing debt collection services in the State of North Dakota (ND), you may be required to have a Collection Agency License issued by the Department of Financial Institutions.
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 ND Secretary of State and/or obtaining an Operator/Manager License.
