Licensing

How to Prepare for License Renewals

By Cornerstone SupportJune 14, 2017
 

June is a big month for license renewals for collection agencies, debt buyers, and attorneys. These license renewals can be complicated and time-consuming. States are continually changing their regulations and application requirements making it difficult to stay informed.

Make sure you’re prepared and don’t get caught without a license.

Here are four things you need to know as you prepare for license renewals:

  1. Forms. States change forms often, so make sure you have the correct one(s).
  2. Financials. Similar to forms, the financial information requested can change often as well. What is required this year can be completely different the next renewal cycle.
  3. Collectors. Make sure you know exactly who needs to be registered as you’ll need this information when completing your renewal paperwork.
  4. Bonds. Pay your premium when they’re due, and make sure you have the correct due date.

We know how complicated this process can be, especially with requirements changing so frequently. Our renewal services include tracking renewal deadlines, preparing all renewal paperwork, submitting all completed paperwork, and following up on the status of any submitted renewal applications.

We guarantee the prompt and timely submission and delivery of each renewal and annual report package to the appropriate state department. If we fail to meet the deadline and the agency has provided all necessary materials on a timely basis, we will pay any late fees that are incurred.

Reach out to us if you’d like to learn more about our license renewal services.

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