Home > Licensed Financial Services

Licensed Financial Services Fees

License Fee
Loan company $500 (note 1)
Insurance premium finance company $500 (note 1)
Seller of checks $500 (note 2)
Sales finance company $50 on gross volume of $100,000 or less, plus
$15 on each $100,000 or part of $100,000 over
$100,000
Motor Vehicle Dealer $20 if all vehicles sold on cash basis. $100 if dealer finances vehicles. (note 4)
Adjustment service company $200 (note 3)
Collection agency $200 (note 5)
Collector or solicitor $15
Community currency exchange $300 (note 1)

Note 1: Plus a $300 non-refundable investigation fee.

Note 2: Plus $5 for each location in the state where checks are sold to a maximum of $1,500.
Plus a $300 non-refundable investigation fee.

Note 3: Plus a $200 non-refundable investigation fee.

Note 4: Renewal is due every other year. If greater than $100,000 (within a year) of the contracts or leases are retained by the dealership, then dealer falls under the rules of a sales finance company.

Note 5: Plus a $1,000 non-refundable investigation fee.