All licenses and identification cards expire two (2) years from the date of issuance. Renewal notices are mailed sixty (60) days prior to the expiration of the license. To renew a collection service agency or branch license, a completed renewal application and the following must be received prior to the expiration date:
- $350 renewal fee
- $25 for each solicitor
- Proof that the statutorily required bond has been renewed. Check our Web site for bond amounts based on the number of employees
- Balance sheet prepared by a licensed public accountant or certified public account, Tenn. Code Ann. §62-20-112(3)
- Proof of business tax (Tennessee-based companies only).