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Start with whether financial responsibility applies to the agency's work. The Department says licensed agencies other than debt buyers must provide a surety bond or cash security, with the amount varying by collections. Use the amount required under section 5-16-124 and Rule 3.04, rather than treating another state's fixed sum or an old application packet as the current instruction.

The currently posted February 2026 model covers more than missing remittances. It requires accounting and payment of collection proceeds under client agreements, return of deposited notes and valuable papers on written demand, and compliance with the CFDCPA and the Administrator's rules. Its verified-claim provisions contemplate payment to the Administrator for unpaid clients, not an automatic payment to every person making a complaint.

Use the March 2026 checklist and Department of Law Licensing portal. Upload the executed bond in the Financial Responsibility section. Only the principal place of business is licensed under the checklist, but branch locations must be disclosed. The Colorado local office, collections manager, financial statement and trust-account documentation are separate requirements; purchasing the bond does not complete them.

The model requires written termination or reduction notice by registered U.S. mail to both the agency and Administrator. Future-act termination takes effect 30 days after the Administrator receives the notice, or on the later date specified. Earlier liability is not released, and the model continues prior-act liability for two years after the agency's license is surrendered, revoked or expires. That claim-related period is not a two-year purchase term.

Purchase Now opens Propeller's Colorado collection agency application in a new tab. Bring the exact applicant name, registered DBAs, required sum and intended effective date; the model uses the execution date if its effective-date field is blank. Obtain the authorized agency and surety signatures, surety seal and attached power of attorney, then upload the completed bond. The licensing application is not submitted until every designated signatory has returned its electronic signature.