Connecticut Debt Management Licensing Requirements

Connecticut Debt Management license

Requirements for

Connecticut Debt Management

Licenses

Connecticut Requires Debt Management companies to be Licensed

Connecticut Debt Management licensing: Connecticut requires companies to be licensed as a Debt Management company. Companies must also still comply with federal, state and local laws. Other licenses or permits may be required depending on the nature of each particular business.

Certificate of Authority

With certain limited exceptions, a Connecticut Certificate of Authority is required if a company does business in Connecticut regardless of where the company is located.

A certificate of authority (also known as a certificate of registration) is a document that the State of Connecticut requires companies not incorporated in Connecticut to obtain before “transacting business” within the state borders of Connecticut.

License Fees

The filing fee for getting licensed as a Debt Management company in Connecticut is: $900 plus a fee to conduct a background check on each owner, officer and director.

The filing fee for a foreign limited liability company to register a Connecticut Certificate of Authority is $120.

The filing fee for a foreign corporation to register a Connecticut Certificate of Authority is $385.

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Do you want to check on other states’ requirements for obtaining a New Debt Management license? Click here.

Want to verify if an existing company is licensed in Connecticut as a Debt Management company? Click here.