Maine Expands Collection Agency License

On February 6, 2018 Maine amended a rule regarding the State's Collection Agency License. The new regulation will require licensure for companies that are collecting debt from a Maine resident that was incurred in-state or out-of-state. Prior to this rule change, a license was only required when a debt was incurred within the State of Maine. The effective date of the rule change has not been set by the Department of Professional & Financial Regulation. Click here to view the amendment. LicenseLogix is monitoring this issue closely and will provide updates as they become available. If you have any questions or need assistance with license filings, please feel free to contact us today