Massachusetts Debt Management license renewal
Massachusetts PROHIBITS Debt Management Companies
Pursuant to Massachusetts law, Mass. Gen. Laws. Ann.180,§4A, Debt management companies are prohibited from operating in Massachusetts . Read the statute here.
Renewing your Certificate of Authority
If you want to engage in a business other than a debt management business, then with certain limited exceptions, a Massachusetts Certificate of Authority is required to be renewed annually if a company does business in Massachusetts 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 Massachusetts requires companies not incorporated in Massachusetts to obtain before “transacting business” within the state borders of Massachusetts .
License Fees
Debt management companies are NOT ALLOWED to operate in Massachusetts per statute.
FOR BUSINESSES OTHER THAN DEBT MANAGEMENT COMPANIES:
The filing fee for renewing a Massachusetts Certificate of Authority is $150.
Do you want to check on other states’ requirements for obtaining a New Debt Management license? Click here.
Massachusetts Debt Management license renewal
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Want to verify if an existing company is licensed in another state as a Debt Management company? Click here.