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Collection
Agency Licensing Requirements:
Collection Agency Licensing Requirements: The Louisiana Collection Agency Regulation Act set forth the licensing requirements which a collection agency must comply before conducting collection business in the State of Louisiana. (R.S. 9:3576.1 et. seq.) To be eligible for a collection agency license, an applicant must be 18 years of age and of good character and reputation, have never been convicted of any crime which may impose a penalty of imprisonment at hard labor, have not had a prior collection agency license revoked. A license fee and the filing of a surety bond in the sum of $10,000 are required. Licensing information and application may be obtained from: Office of Financial Institutions |
| Office of Financial Institutions |
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