Debt Collectors

Any collection agency operating in Prince Edward Island must ensure each collector the agency employs is registered to collect in the province.

Debt Collector License Search

You can check whether a collector is licensed by going to the following link: Licensed Collectors

Debt Collector Licensing

A Collector is a person employed, appointed or authorized by a collection agency to solicit business or collect debts for the agency or to deal with or trace debtors for the agency.

Licensing Period

A PEI Collector License is valid for two years. The license is associated with a particular collection agency and is not transferable to another collection agency. 

Licenses can be renewed up to 3 months in advance of the license expiration. We recommend you submit your application at least 30 days in advance of the license expiration to allow time for processing.

Fees

The non-refundable fee is $50.00 per license.

To Apply or Renew

To apply for new collector licenses or renew a collectors license, please review the below material and then click on the blue Apply for Collectors License button at the end of this page.

What information do I need to apply online?

Each application requires the following information:

• Collection Agency Information: Contact information and PEI License number
• Collector Information: Detailed information about each collector you are licensing, such as:
  • Full Legal Name, including any aliases
  • Previous collection agency experience (include previous collection agency name)
  • Any criminal convictions 
  • Previous regulatory or licensing issues, (i.e. license refusal, suspension, disciplinary actions, etc.)
  • PEI License number (only if previously licensed in PEI)
• Payment to be completed by credit card

Licensing FAQs

How long will it take me to complete the application form?

Depending on the number of collectors you are licensing, the form can be completed in less than 25 minutes. Each webform submission can be used to register up to five collectors. 

How long will it take to process this request?

We recommend you submit your application at least 30 days in advance of the license expiration to allow time for processing. Any errors or missing information will cause delays to processing your application.

How will I receive my license?

Licenses will be emailed in PDF format to the email address provided on the webform. Please print the license and keep as collection agency records.

How do I transfer to a new collection agency?

 A collector who moves from one agency to another is required to apply for a new license. A fee of $50 will be applicable to the new license application.