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Debt Collection Agency - New & Renewal License Application Supplement - New York City
Debt Collection Agency - New & Renewal License Application Supplement is a legal document that was released by the New York City Department of Consumer and Worker Protection - a government authority operating within New York City.
FAQ
Q: What is a debt collection agency?
A: A debt collection agency is a company that collects unpaid debts on behalf of creditors.
Q: What is a New & Renewal License Application Supplement?
A: It is an additional form that needs to be filled out when applying for a new or renewal license for a debt collection agency in New York City.
Q: How do I apply for a debt collection agency license in New York City?
A: You can apply for a debt collection agency license in New York City by submitting the New & Renewal License Application Supplement, along with the required documentation and fees.
Q: What documents are required for a debt collection agency license application?
A: The specific documents required may vary, but typically you will need to provide proof of business registration, a surety bond, a list of owners and officers, and financial statements.
Q: What is a surety bond?
A: A surety bond is a form of insurance that guarantees that the debt collection agency will fulfill its obligations to creditors.
Q: How much does it cost to apply for a debt collection agency license in New York City?
A: The cost of the license application depends on factors such as the number of locations and the amount of debt being collected. Please check with the New York City Department of Consumer Affairs for the current fees.
Q: How long does it take to get a debt collection agency license in New York City?
A: The processing time for a debt collection agency license application can vary, but it usually takes several weeks to several months.
Q: Are there any ongoing requirements for debt collection agencies in New York City?
A: Yes, debt collection agencies in New York City must renew their licenses annually and comply with various regulations, such as providing disclosures to debtors and maintaining records.
Q: What happens if a debt collection agency operates without a license in New York City?
A: Operating a debt collection agency without a license in New York City is illegal and can result in fines, penalties, and legal consequences.
Form Details:
- Released on November 13, 2020;
- The latest edition currently provided by the New York City Department of Consumer and Worker Protection;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the New York City Department of Consumer and Worker Protection.
Download Debt Collection Agency - New & Renewal License Application Supplement - New York City
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