Collection Agency

The state of Minnesota requires all entities engaged in the business of collection agency to post a $20,000 bond.

Regulating Department Contact:

Minnesota Department of Commerce
85 7th Place East
St. Paul, MN 55101
(651) 296-6319

Statutes:

Minnesota Statutes 332

Rules:

Minnesota Rules 2870.0100 – 2870.5100

Underwriting Requirements:

  1. Apply for bond HERE
  2. Business financial statement
  3. Personal financial statemen
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