Debt Management Service Providers Last updated 06/20/2024

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Fees

License Fee Description Exemptions
$350.00
None
$450.00
None

Description

A person offering, for a fee, debt consolidation, debt settlement, credit repair, or loan modification services, including counseling and education on getting out of debt, is required to register as a debt management service provider. The law established caps on fees that can be charged.

Duration

One year

Renewal Information

Renewal fee due date: December 31

Duplicate License Requirements

None

Processing Time

Processing Time Description
1 Month

Prerequisites and Requirements

Prerequisites

Listed on application form.

Required Documentation

OR Debt Management Service Provider Registration New Application Checklist (Company):
https://mortgage.nationwidelicensingsystem.org/slr/Pages/DynamicLicenses.aspx?StateID=OR

Examination Information

None

Continuing Education Requirements

None

Bonding Requirements

$25,000

Insurance Requirements

None

Additional Information

Other Information

Overnight mail address:
350 Winter St NE, Room 410
Salem, OR 97301-3881

Statutes, Administrative Rules, Ordinances

Other Detail Information

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