Title: Debt Management Services Provider Company License / Branch License
Alternate Title:
Description: A Debt Management Services Provider, under
Minn. Stat. Chapter 332A, must obtain a license from the Minnesota Department of Commerce. A physical presence in Minnesota is not required.
Subject: Debt Management
Creation Date: 9/12/2008 4:31:29 PM
Modification Date: 4/24/2025 5:25:30 PM
Agency Name: Commerce, Minnesota Department of
Agency URL: https://mn.gov/commerce/
Agency Description:
The Minnesota Department of Commerce is the chief regulator for the banking, energy, insurance, real estate, securities, telecommunications industries and also operates Minnesota's Unclaimed Property.
Agency Phone: 651-539-1500
Agency Fax: Agency URL: https://mn.gov/commerce/
Agency Address:
85 7th Place East, Suite 500
St. Paul
MN
55101
Division Name: Financial Institutions Division
Division URL:
Division Description:
Division Phone: 651-539-1570
Division Fax: Division URL:
Audience:
Application URL: https://mortgage.nationwidelicensingsystem.org/slr/Pages/DynamicLicenses.aspx?StateID=MN
Renewal URL: https://mortgage.nationwidelicensingsystem.org/slr/common/renewals/Pages/default.aspx
Versa URL:
Requirements:
Rules:
Statutes: 332A
Forms:
Minnesota uses the Nationwide Multistate Licensing System (NMLS)
Organizations applying for a Debt Management Services License are required to use NMLS
View the Debt Management checklist of requirements
Fees:
Registration fee - $1,000
Renewal fee - $250
An Electronic Surety Bond (ESB) for $5,000 must be filed in NMLS
Period of Issuance:
Annual, January 1 to December 31
Length of Determination: 30 to 60 days
Other Info:
Activity: License Detail URL:
Debt Management Requirements
Debt Services
Financial Institutions
License Lookup Directory
