Michigan Collections Manager License Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Michigan Collections Manager License Test with flashcards and multiple choice questions. Each question is equipped with hints and detailed explanations to enhance your understanding and readiness.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

If a license is not renewed by the expiration date, how many days can it be renewed as long as the fee and late penalty are paid?

30 days
60 days
90 days
120 days

The correct answer is: 90 days

In Michigan, if a professional license is not renewed by its expiration date, the licensee has a grace period during which they can still renew their license, as long as they pay the required renewal fee along with a late penalty. This grace period is set at 90 days. During this time, the license is essentially still valid, but it is imperative for the holder to take action to avoid any lapse that might require re-applying for the license or undergoing further qualification or testing. Therefore, completing the renewal within this 90-day period allows the licensee to maintain their status without the need for additional procedural steps that would come into play if they waited beyond that time frame. Understanding this limit is crucial for licensees to ensure they remain compliant with professional regulations and avoid interruptions in their ability to practice.