Does each branch office need a license?
Yes. A license is required for each separate place of business. Can a manager supervise more than one office? No. Each Collection Agency must have a licensed manager who personally supervises the office of the collection agency. A Collection Agency Manager may not supervise more than one office. What are the requirements for a Collection Agency Manager license? The following is required: · High school diploma or the equivalent of a high school education · At least 6 months full-time experience in the collection of accounts · Has passed the examination required by the Department · Is at least 18 years of age · Good moral character Does an owner manager receive a Collection Agency Manager license? No. Although an owner manager is required to meet all of the requirements of a Collection Agency Manager, he or she will receive a Collection Agency license naming the owner as manager. What type of bond is required? Applicants for the Collection Agency license must obtain a surety bond in the
Yes. A license is required for each separate place of business. Can a manager supervise more than one office? No. Each collection agency must have a licensed manager who personally supervises the office of the collection agency. A collection agency manager may not supervise more than one office. What are the requirements for a collection agency manager license? The following is required: · High school diploma or the equivalent of a high school education · At least 6 months full-time experience in the collection of accounts · Has passed the examination required by the Department · Is at least 18 years of age · Good moral character Does an owner manager receive a collection agency manager license? No. Although an owner manager is required to meet all of the requirements of a collection agency manager, he or she will receive a collection agency license naming the owner as manager. What type of bond is required? Applicants for the collection agency license must obtain a surety bond or a ca
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