A Collection Agency Collecting Commercial Debt in the US
Collecting commercial debt with a collection agency can have its pitfalls. Be suspicious if a collection agency tells you collecting commercial debt will never require a state collection agency license. Contrary to popular belief, some states require a collection agency to be licensed when collecting commercial debt or accounts from businesses or commercial residents located in their state. While a particular state may not require licensing for collecting commercial debt, others have laws that can affect a collection agency when collecting commercial debt.
States that require a collection agency license for collecting commercial debt
If researching your collection agency options for collecting commercial debt, you will find the chart below very informative. It identifies the states where a collection agency license is required for collecting commercial debt.
While we make every effort to ensure accuracy, please remember that this chart is subject to change. The chart information below should not be considered legal collection advice or to be one hundred percent accurate. AAB assumes no liability for its use, and no warranty is expressed or implied. This chart is simply a guide to the states with Laws that affect collecting commercial debt.
| Alabama | License not required |
|---|---|
| Alaska | Letter of Exemption Required |
| Arizona | License Required |
| Arkansas | License Required |
| California | License not required |
| Colorado | License Required |
| Connecticut | License Required |
| Delaware | License Required |
| Florida | License Required |
| Georgia | License not required |
| Hawaii | Agency Registration Required |
| Idaho | Agency Registration Required |
| Illinois | License Required |
| Indiana | License Required |
| Iowa | Registration Required |
| Kansas | Registration Required |
| Kentucky | License not required |
| Louisiana | COA |
| Maine | License Required |
| Maryland | License Required |
| Massachusetts | License Required |
| Michigan | Licensed |
| Minnesota | License Required |
| Mississippi | License not required |
| Missouri | License not required |
| Montana | License not required |
| Nebraska | License Required |
| Nevada | License Required |
| New Hampshire | License not required |
| New Jersey | License Required |
| New Mexico | License Required |
| New York State | Licensed not required |
| NYC, New York | Licensed |
| Buffalo, New York | Licensed |
| North Carolina | License Required |
| North Dakota | License Required |
| Ohio | License not required |
| Oklahoma | License not required |
| Oregon | License Required |
| Pennsylvania | License not required |
| Rhode Island | License not required |
| South Carolina | License not required |
| South Dakota | License not required |
| Tennessee | License Required |
| Texas | License not required |
| Utah | Registration Required |
| Vermont | License not required |
| Virginia | License not required |
| Washington | License Required |
| West Virginia | License Required |
| Wisconsin | License Required |
| Wyoming | License Required |
Still have questions about collecting commercial debt?
We are a full-service commercial collection agency with decades of experience. We can usually answer questions immediately on collecting commercial debt.
However, if we don’t know the answer right away, we will find out and let you know. Our clients rely on us, as a reliable information resource on collecting commercial debt. Give us a call or schedule a free consultation on collecting commercial debt.