How often must a collections manager’s license be renewed in Michigan?

In Michigan, a collections manager's license is required to be renewed every three years. This timeframe ensures that professionals in the field stay updated with current laws, practices, and ethical standards related to debt collection and management. Periodic renewal also contributes to the overall competency of those holding the license, helping to protect consumers and promote fair practices within the collections industry. The three-year renewal cycle strikes a balance between maintaining professional qualifications and allowing sufficient time for license holders to apply the knowledge and skills they have acquired.