Become a Licensed Collection Agency Collection Agencies Please check the Professional and Vocational Licensing (PVL) main page at https://cca.hawaii.gov/pvl/ for the most current updated information. You have the ability to look up information pertaining to many of the licenses, registrations and permits managed by the State of Maine. Click on link for individual, company, or other. Forms. However, as with any relationship, you should verify that the agency is indeed a business authorized to conduct business in Maine. +1 (888) 518-8011 Maine Debt Collection Agency Laws :Summit AR 450 Irvine CA 92618. If the claim is determined to be valid, the surety must pay reparation up the bond's full amount. Texas debt collectors dont need to obtain a license or register with the state. If you have military experience and training, we want to talk to you. Licenses. Obtain a License. It is important to note, any person, firm, corporation or association conducting business, within the State of NC, in any of these areas without a license/permit shall be guilty of a Class I felony. Maine collection agencies can help find debtors collect your outstanding invoices. Depending on the type of business, where you're doing business and other Search for Licensed Collection Agencies. Select "Consumer Credit Regulation" in the Regulator/Agency field ; Type "mort%" in the Company Name field ; Click . Register New Collectors. Depending on the type of business, where you're doing business and other specific Surrender a License. You may garnish 25% of disposable income or 40 times the federal minimum File a Complaint. 2. On 2/6/18, Maine amended a rule regarding the State's Collection Agency License. The Office of Consumer Credit Regulation oversees the consumer finance industry, including non-bank mortgage lenders, debt collectors, loan brokers, retail creditors, money transmitters, credit reporting agencies and non-bank ATMs. Certificate of The Maine Department of Consumer Credit Protection in Gardiner is the licensing authority. Click on Download the A Maine collection agency seeking to recover debt owed by Maine consumers must be licensed and bonded. A Maine collection agency seeking to recover debt owed by Maine businesses (commonly referred to as commercial or B2B collection) is not required to have a debt collection specific license. The size of the bond varies with the type of debt collection and the Gross Collections on behalf of Maine creditors each year. The Maine Department of Consumer Credit Protection in The Maine Department of Consumer Credit Protection in Gardiner is the licensing authority. Update Surety Bond. Get started. A Maine collection agency seeking to recover debt owed by Maine consumers must be licensed and bonded. MAINE WAGE GARNISHMENT EXEMPTIONS. Click Start Search. Depending on the type of business, where you're doing business and other 1. Amount due, court costs, service costs & collection costs. A Maine Collection Agency License can only be obtained through an authorized government agency. A Maine collection agency seeking to recover debt owed by Maine consumers must be licensed and bonded. Collection Agency Program. Applicants must submit either an audited or reviewed financial statement, prepared by a CPA, verifying their net worth when submitting their license application. Renew a License. Ashton Agency has a 99% approval rate and offers the collection agency bond for Maine license holders. However, as with any relationship, you should verify that the agency is indeed a business authorized to conduct business in Maine. The Bureau of Consumer Credit Protection charges a $600 license fee if over 12 months remain, and $300 if less than 12 months remain, before the next renewal cycle. 1-877-425-4258. Out-of-State Collection Agencies are directed to review the licensing statute, in particular AS 08.24.090 and AS 08.24.380 when making a determination to seek licensure in Alaska. The surety will then require reimbursement from the collection agency. However, as with any relationship, you should verify that the agency is indeed a business authorized to conduct business in Maine. Applicants for the Maine Debt Collector License must have a company net worth (assets liabilities) of at least $10,000. However, the Texas Secretary of State requires debt collectors to purchase a collection agency surety bond, more accurately referred to as a Third Party Debt Collector bond, in the amount of $10,000. A Magalloway, Maine Collection Agency License can only be obtained through an authorized government agency. In Maine it is illegal for a conversation to be recorded when neither party is aware of a recording, minimum one-party consent is needed for call recording. On 2/6/18, Maine amended a rule regarding the State's Collection Agency License. The Bureau of Consumer Credit Protection is pleased to make our license information available online. All licensed individuals and companies can be looked up by name, by license number, or by ID number. The Department of Professional and Financial Regulation is providing access to information about its licensees as a public service. My collection company [PL 1985, c. 702, 2 (NEW).] The new regulation will require licensure for companies that are collecting debt from a Maine resident Maine Collection Laws Collection Agency Bond & Licensing Rules. License: Yes. In addition, a license is required if the debt collector engages in face-to-face solicitation of creditors in this State as clients, or if the debt was originally incurred in Maine. The initial application fee for licensure is $600.00. Maine Collection Agency Licensing Requirements: License Required: Yes Surety Bond: $25,000 to $50,000 Licensing Fee: $400 Yearly Exemption: for out-of-state collectors: Contact state Fee: $400 yearly. The Maine Collection Agency Bond amount is set at $20,000. A Maine collection agency seeking to recover debt owed by Maine businesses (commonly referred to as commercial or B2B collection) is not required to have a debt collection specific license. Depending on the type of business, where you're doing business and other Pick the profession you want from the regulator drop down list. A Maine collection agency seeking to recover debt owed by Maine businesses (commonly referred to as commercial or B2B collection) is not required to have a debt collection specific license. Bond: $25,000 to $50,000. Licenses and Permits Search for regulated entities to A license is required if the debt collector is located in Maine or if the debt collector, wherever located, attempts to collect debts incurred between a Maine resident and a business located in Licenses required. Using an Maine collection agency can save you money and time because their business is collecting debt, and yours is not. The 10 largest cities in Maine are; Your Full Guide to Getting a Maine Collection Agency License Licenses. Replace a Collection Agency Manager. Meeting Notice The monthly meeting of the State Collection Agency Licensing Board is scheduled for Tuesday October 11, 2022 at 9:00am. Other licenses or permits may be required depending on the nature of each particular business. Maine Collection Licensing: Companies are required to be licensed in Maine. The Office of Professional and Occupational Regulation wants to make sure that individuals who have military experience and training and who wish to obtain an occupational license receive appropriate credit for their military training and experience. The new regulation will require licensure for companies that are collecting debt from a Maine resident that was incurred in-state or out-of-state. Exemption for out-of-state collectors: Contact state authority. Maine Collection Agency Bond's are required by Maine's Secretary of State to obtain your Maine Collection Agency Bond. The office administers state credit-related statutes and protects consumers by conducting compliance examinations, responding to consumer A Bay View, Maine Collection Agency License can only be obtained through an authorized government agency. This will return a list of all licensed entities in the Consumer LicenseLogix can Monday Friday: 9:00 AM 5:00 PM Step 2 Purchase a Surety Bond An Aurora, Maine Collection Agency License can only be obtained through an authorized government agency.