Operating a collection agency in Québec: apply for the permit, provide security and structure the accounts
Check people and activities, gather formation and integrity records, provide security and trust arrangements, then await the permit.
The business permit does not replace its representatives’ certificates. Do not contact debtors before all required authorizations are valid.
Confirm the scope
Confirm that the activities are regulated collection work and identify officers, partners, locations, trade names and representatives.
Prepare the information
Properly register the business and gather resolutions, declarations, background, financial records and required information.
Complete the process
Complete the form, pay fees, provide security and arrange the trust account when required.
Keep follow-up records
Await the permit and representative certificates, then follow renewal, financial reporting, notice and communication rules.
Apply for a collection agent permit — OPC