50-State Financial Services Licensing Compliance Guide
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Illinois Finance Licensing

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Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in Illinois.

Company Licenses

Illinois Financial Services Company Licenses

Illinois Collection Agency Branch Office License

Agency:Illinois Department of Financial and Professional Regulation
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

Triennially by May 31. Upcoming renewal years are 2021, 2024, 2027, etc.

Original Ink:Not required
Notarize:Not required

Amendment

Agency Fee:

$0

Notes:

Changes to company address, email addresses, and telephone numbers can be reported online.

Illinois Collection Agency License

Agency:Illinois Department of Financial and Professional Regulation
Foreign Qualification is Prerequisite:Yes
Bond Requirements:

$25,000 surety bond.

Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Form:

Collection Agency Registration Application

Agency Fee:

$750

Registration Renewal

Filing Method:

Online

Agency Fee:

$750

Due:

Triennially by May 31. Upcoming renewal years are 2021, 2024, 2027, etc.

Original Ink:Not required
Notarize:Not required

Amendment

Agency Fee:

$0

Notes:

Changes to company address, email addresses, and telephone numbers can be reported online.

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