Collection Agents Licensing Procedures

Under Parts VII and IX of the Consumer Protection Act, collection agents/agencies must be licensed and bonded prior to operating in the NWT. 

The following are procedures to be used to obtain a Collection Agent License:

1) complete the application form;

2) forward an original Surety Bond in the amount of $5,000. Be sure to use the wording supplied on our form;

3) submit the required fee of $218.00;

4) submit a list of your collectors and tracers, giving their full name, address and employment history for the previous ten years;

5) submit a list of your clients for whom you make collections in the NWT; and

6) provide a copy of your Certificate of Good Standing from Corporate Registries in Yellowknife (867) 767-9260.