How do I renew a collection services license and how long do I have?

Teresa -

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 can be submitted by clicking here 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).
Contact an agent. Submit a request