Find a license in the A-Z Index

1. Refine the topic list by letter

2. Select a topic to view their list of licenses

Title: Collection Agency and Debt Collector
Alternate Title:
Description: Collection agency means and includes any person engaged in the business of collection for others any account, bill or other indebtedness except as hereinafter provided. It includes persons who furnish collection systems carrying a name which simulates the name of a collection agency and who supply forms or form letters to be used by the creditor, even though such forms direct the debtor to make payments directly to the creditor rather than to such fictitious agency. Collector is a person acting under the authority of a collection agency and on its behalf in the business of collection for others an account, bill, or other indebtedness. Minnesota Department of Commerce
Subject: Debt Collection
Creation Date: 9/11/2008 2:11:54 PM
Modification Date: 8/27/2026 1:43:45 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

Unit Name: Licensing Unit
Unit URL:
Unit Description:
Unit Phone: 651-539-1599
877-876-4430 - Sircon
Unit Fax: Contact person(s): licensing.commerce@state.mn.us
Unit URL:

Audience: Hold Application URL: https://www.pulseportal.com/
Renewal URL:
Versa URL:
Requirements:

Review:

Debt Collections

  Debt Collection Licensing

  Applying for a Debt Collection Agency License

  Renewing a Collection Agency License

  License Updates

Rules:
Statutes: 332

Forms:

Collection Agency:

* Collection Agency Financial Statement form
* Officer list
* Electronic application at Sircon

Debt Collector Registration:

Applying for registration of an individual Debt Collector

All applications for registration of an individual debt collector must be submitted by the affiliated collection agency.

Agency procedure. To apply for registration of an individual debt collector, you must first have applied and received approval for a license as a collection agency. You must also have conducted the background history screening described above.

1. Sign in to your Sircon account and complete the Debt Collector application available at sircon.com.

Electronic application at PULSE

Affiliated Company Form
Use this form to notify the Minnesota Department of Commerce that your licensed collection agency has one or more affiliated companies that meet this entire definition: “Affiliated Company means a company that: (1) directly or indirectly controls, is controlled by, or is under common control with another company or companies; (2) has the same executive management team or owner that exerts control over the business operations of the company; (3) maintains a uniform network of corporate and compliance policies and procedures; and (4) does not engage in active collection of debts.

Surety Bond Forms:

Collection Bond Form - Corp. or LLC (.pdf)

Collection Bond Form - Individual (.pdf)

Collection Bond Form - Partnership (.pdf)

Provide a financial statement on the required form

Fees:

Collection Agency:

License - $1,000 ($500 of which is investigative fee)
Branch Office - $500
Renewal fee - $400
Reactivation fee (per lapsed license) - $500

Debt Collector:

Registration fee and Renewal- $10

Period of Issuance:

Licenses expire annually on June 30 and must be renewed.

Length of Determination: 45 days from receipt of complete application.
Other Info:
Activity: Debt Collection
Collection Agency
License Detail URL:

Debt Collections

Financial Institutions

License Lookup Directory