Consumer collection agencies are affected by a new law in the State of Minnesota. The new law, which is referred to as SB 2839, boosts the surety bond required of consumer collection agencies from $20,000 to $50,000 plus an extra $5,000 for every $100,000 attained from Minnesota debtors in the previous year. The surety bond cannot surpass $100,000. This is active for surety bonds acquired or renewed after January 1st, 2011.