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Get Collection Agency License Checklist Requirements - Cis State Mi
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How to fill out the COLLECTION AGENCY LICENSE CHECKLIST REQUIREMENTS - Cis State Mi online
Filling out the Collection Agency License Checklist Requirements for the state of Michigan is a crucial step in ensuring compliance with state regulations. This guide provides clear instructions for successfully completing the application online, catering to users with varying levels of experience.
Follow the steps to accurately complete your application.
- Press the ‘Get Form’ button to obtain the form and open it in your selected application platform.
- In Section 1, provide general applicant information. Fill in the name of the collection agency, its permanent ID number (if relicensing), the assumed name (if applicable), federal employer ID number, mailing address, and daytime telephone number.
- Indicate the type of business structure by checking the appropriate box: individual, partnership, LLC, corporation, or sole proprietor. Specify the type of agency by selecting either collection agency or repossession agency.
- Complete Section 2 with the owner-manager information. Provide the name, date of birth, address, home telephone number, social security number, and email address of the owner-manager.
- In Section 3, provide background information as required. Answer questions regarding previous licenses in Michigan or other states, felony convictions, and disciplinary actions, ensuring you include necessary documentation.
- Section 4 requires certification and signatures. Ensure the application is signed and dated by the owner or manager before submission to avoid processing delays.
- After filling out all sections, review the completed form for accuracy. Once verified, save your changes within the application platform, and you may also download, print, or share the form as needed.
Complete your application for the collection agency license online today!
The Michigan Fair Debt Collection Practices Act prohibits collection agencies from harassing borrowers or using unfair or misleading tactics to collect debts. This law also allows private remedies for consumers in order to create a victim recovery of actual damages or equitable relief.
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