§ 13-05-03 — Application for a collection agency license

North Dakota § 13-05-03

• Jurisdiction: North Dakota
• Title 13: Debtor and Creditor Relationship
• Ch. 13-05: Collection Agencies

Text

1. Each application for a collection agency license, or for a renewal thereof, must be in
the form prescribed by the commissioner and must contain the following information:
a. The full name and proposed business name of the applicant.
b. The address where the business is to be conducted.

c. The names and addresses of the applicant and those associated with the
applicant. If the applicant is a corporation, the application must contain the names
of the officers of the corporation. If the applicant is a limited liability company, the
application must contain the names of the managers of the limited liability
company. The applicant must register with the North Dakota secretary of state if
so required.
d. Such additional information which the department of financial institutions shall
require.
2. To fulfill the purposes of this chapter, the commissioner may establish relationships or
contracts with a nationwide multistate licensing system and registry or other entities
designated by a nationwide multistate licensing system and registry to collect and
maintain records and process transaction fees or other fees related to licensees or
other persons subject to the chapter. The applicant shall pay directly to such
nationwide multistate licensing system any additional fee relating to participation in
such nationwide multistate licensing system.
3. In connection with an application for licensing as a collection agency, or any license
renewals, the applicant shall furnish to the nationwide multistate licensing system
information concerning the applicant's identity, which may include:
a. Fingerprints for submission to the federal bureau of investigation, and any
governmental agency or entity authorized to receive such information for a state,
national, and international criminal history background check;
b. Personal history and experience in a form prescribed by the nationwide multistate
licensing system, including the submission of authorization for the nationwide
multistate licensing system and the commissioner to obtain:
(1) An independent credit report obtained from a consumer reporting agency
described in section 603(p) of the Fair Credit Reporting Act; and
(2) Information related to any administrative, civil, or criminal findings by any
governmental jurisdiction; and
c. Any other documents, information, or evidence the commissioner deems relevant
to the application regardless of the location, possession, control, or custody of
such documents, information, or evidence.
4. For the purposes of this section and in order to reduce the points of contact which the
federal bureau of investigation may have to maintain for purposes of subsection 3, the
commissioner may use the nationwide multistate licensing system and registry as a
channeling agent for requesting information from and distributing information to the
department of justice or any governmental agency.
5. For the purposes of this section and in order to reduce the points of contact which the
commissioner may have to maintain for purposes of subsection 3, the commissioner
may use the nationwide multistate licensing system and registry as a channeling agent
for requesting and distributing information to and from any source so directed by the
commissioner.