The Collection Agency License Renewal Deadline was July 1
Per Rule 1.06, “Collection agency licensees shall be valid from the date of issuance to the following July 1. In order to renew its license, a licensee must file its completed renewal application and renewal fee on or before July 1 of each year or its license shall automatically expire.”
Once the renewal has been submitted
If a renewal was submitted, please be sure the renewal has been electronically signed. The renewal is not considered submitted until e-signed by all signatories! Renewals are processed in the order signed. Once the renewal is Closed/Approved, the license will be made available via the Licensing Community portal.
Collection Agency License Application and Other Forms
Pursuant to section 5-16-118, C.R.S., “Any person acting as a collection agency must possess a valid license issued by the administrator…” Collection agency license requirements are laid out in section 5-16-119, C.R.S. If you wish to obtain a license, please download and follow the instructions on the application.
IMPORTANT NOTE: The above license and notification filings (once issued) are valid through each July 1 regardless of the date issued and must be renewed annually. See the above information for important dates for collection agencies.
Although a license expiration date may reflect the prior 7/1, the existing license shall not expire (so long as a renewal is submitted) until the renewal application has been finally acted upon by the agency, pursuant to § 24-4-104(7), C.R.S.