Collection Agency Licensing Management

Initial Licensing

Acumen’s professional staff assists with project planning, strategy, and managing the entire licensing process. We understand this process in all required jurisdictions across the United States and its territories, enabling us to project costs and create a strategic plan to meet your needs.

We understand that obtaining and renewing licensing is a labor intensive undertaking and our streamlined processes and custom technology, enables us to manage the entire process for our clients. Acumen assists with obtaining licenses, exemptions, bonds, registered agent/managers and helps to understand any special jurisdictional requirements such as specific dunning letter disclosures.

Acumen provides an online interface for collecting all the information needed to process your licenses. We prepare and submit the application in each jurisdiction and manage the process of following up to ensure licenses are processed in a timely manner.

Renewal Licensing

Failure to remain compliant with licensing renewal due dates and statutory requirements such as annual report filing can be costly, resulting in loss of licensing, authority to do business, fines, and penalties. Our state license renewal program mitigates these risks by managing the entire renewal process across all jurisdictions.

Strategic Licensing Solutions

Acumen offers its clients strategic license services necessary to mitigate their compliance risks associated with non-compliance with licensing requirements. Acumen’s areas of expertise in this regard include:

• Licensing gap analysis
• Ownership changes
• Address changes
• Officer, director, and key management changes
• NMLS licensing

License Validation

Acumen’s license validation services help to confirm  the licenses reported by collection agencies and law firms are  valid and  current. This additional compliance measure helps creditors and debt buyers  avoid the complications and penalties that arise from unlicensed activity.

Licensing Services Summary