Requirements for South Dakota Collection Licensing:
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South Dakota Collection Licensing Required
South Dakota Collection Licensing: South Dakota does not require collection companies to be licensed as a collection company. Collection companies must still comply with federal, state and local collection laws. Other licenses or permits may be required depending on the nature of each particular business.
Certificate of Authority
With certain limited exceptions, a South Dakota certificate of authority is required if a company does business in the state of South Dakota regardless of where the company is located.
Collection License Fees
The filing fee for a South Dakota certificate of authority is $750.00.