Registration renewals will open April 1 instead of May 1.
03/01/2024 3:05 P.M.
1 minute read
The Minnesota Department of Commerce just announced that debt collection license and registration renewals will open on April 1 instead of May 1. This does not affect your expiration date.
And, as a reminder, each collection agency must establish procedures to screen each of its debt collectors prior to submitting the renewal payment. The screening process for the renewal of a debt collector registration must include a national criminal history record search, and a county criminal history search for all counties where the individual has resided for the immediate preceding year.
Screening for renewal of individual collector registrations must take place no more than 60 days before the registration expiration or renewal date. A renewal screening is not required if an individual collector has been subjected to an initial background screening within 12 months of the first registration renewal date. A renewal screening is required for all subsequent annual registration renewals.
If this screening process reveals an incident that was not previously reported to the Minnesota Department of Commerce, please email a copy of the legal documents to the department at [email protected].
For more information on how the ACA licensing staff can assist with your licensing application completion needs, please contact us at [email protected] or call (952) 926-6547.
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