Washington Collection Agency Licensing Requirements:
License Required:
Yes
Surety Bond:
$5,000.00
Licensing Fees:
$850.00 - Instate Licensee
$550.00 - Instate Branch Licensee
$425.00 - Out of State Licensee
$275.00 - Out of State Branch Licensee
Exemptions:
The licensing fee for an Out-of-State Collection Agency License is waived if the state where the collection agency (main or branch office) is located requires a license or registration but does not require a fee for similar out-of-state collection agencies. To have the license fee waived, include a copy of the regulations from your home state.If your business is providing debt collection services in the State of Washington (WA), you may be required to have a Collection Agency License issued by the Department of Revenue's Business Licensing Service.
A bond is not required for out-of-state collection agency licensure if the agency's home state already requires a bond or similar legal alternative for collection agencies. To waive the Washington bonding requirement, enclose proof that your bond is current and a copy of the regulations from your home state for review.
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 and is dependent upon the location of the office.
**Prerequisites may include registering with the WA Secretary of State and/or obtaining an Operator/Manager License.
License Required:
Yes
Surety Bond:
$5,000.00
Licensing Fees:
$850.00 - Instate Licensee
$550.00 - Instate Branch Licensee
$425.00 - Out of State Licensee
$275.00 - Out of State Branch Licensee
Exemptions:
The licensing fee for an Out-of-State Collection Agency License is waived if the state where the collection agency (main or branch office) is located requires a license or registration but does not require a fee for similar out-of-state collection agencies. To have the license fee waived, include a copy of the regulations from your home state.If your business is providing debt collection services in the State of Washington (WA), you may be required to have a Collection Agency License issued by the Department of Revenue's Business Licensing Service.
A bond is not required for out-of-state collection agency licensure if the agency's home state already requires a bond or similar legal alternative for collection agencies. To waive the Washington bonding requirement, enclose proof that your bond is current and a copy of the regulations from your home state for review.
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 and is dependent upon the location of the office.
**Prerequisites may include registering with the WA Secretary of State and/or obtaining an Operator/Manager License.
