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Collection Agency Bonds

Definition: A finance license bond that guarantees collection agency agents will follow the regulations of their state. This bond is needed in each state for collection agencies to get a license and operate legally.

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FAQ

  • How much do collection agency bonds cost?
  • They are based on a portion of the total bond amount. You can get a general range of costs with our estimate tool. If you are ready to get bonded, apply for an instant online quote. While collection agency bonds are not considered a low risk bond, they are not as high risk as other bond types.

  • What is the bond process?
  • Apply on our website, get instantly approved online and sign the surety agreements. We will then ship your bond out to you.

  • How do I know if my agency needs a bond?
  • Many states require collection agency agents to obtain a license and get bonded. However, requirements vary by state. Check our state requirement list below to see if your state is listed. If it is not, contact your state to determine the bond requirements as changes in legislation do occur.

  • Will this bond protect my collection agency?
  • No. It protects the public by guaranteeing you will operate a legitimate business. If you want protection, you will need insurance from a property & casualty insurance agent.

  • How do I get bonded in all 50 states?
  • Working with the wrong bond agency, it is possible to reach your surety credit limitations before you are licensed nationwide. However, we offer bulk underwriting programs which raise your surety credit limits so you can usually obtain as many bonds as you need online.

  • How do I get the best rate?
  • It is dependent on your bonding needs. If you only need a small to moderate dollar amount of bonds, our agency bases your rate on the owner's personal credit.

    A better credit score equates to a lower rate. If you need bonds in numerous states items such as business financials, business credit, personal financials, and experience are reviewed in addition to the owner's personal credit. Any lacking items would need improvement for a better rate.

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Collection Agency Bond State Requirements

SELECT A BOND TYPE BELOW TO APPLY

Filter by state
BOND REQUIRED BY BOND FORM VERSION APPLICATION
BOND REQUIRED BY BOND FORM VERSION
Alaska Collection Agency Bond Alaska Dept. of Commerce 08-4106a (Rev. 03/15/11), $5K APPLY NOW
Arizona Collection Agency Bond Dept of Financial Institutions Form CA-APP-001 Rev. 09/20/2007 APPLY NOW
Arizona Collection Agency Bond Bond $20K, 09/10/2012 APPLY NOW
Arkansas Collection Agency Bond State Board of Collection Agencies BondForm2002 APPLY NOW
Colorado Collection Agency Bond Collection Agency Board Rev. 8/02 APPLY NOW
Connecticut Collection Agency $25K Bond Commissioner of Banking Section 36a-801 APPLY NOW
Florida Collection Agency Bond Office of Financial Regulation OFR-CCA-101 Rev 5-01-2004 APPLY NOW
Hawaii Collection Agency Bond Director, DCCA, PVL, Licensing Branch CA-02 0511R APPLY NOW
Hawaii Collection Agency Bond Bond State of Hawaii CA-02 0511R APPLY NOW
Idaho Collection Agency Bond Dept of Finance 26-2232 Rev 5/08 APPLY NOW
Illinois Collection Agency Bond Dept of Professional Regulation IL486-0095 03/06 APPLY NOW
Indiana Collection Agency Bond State Board of Accounts Form 873 (R3 / 3-11) APPLY NOW
Maine Debt Collector/Repossession Bond Office of Consumer Credit Regulation Title 32, Sections 11001-11055 APPLY NOW
Maine Debt Collector/Repossession (continuous) Bond Office of Consumer Credit Regulation Continuous DC bond 2008 rev. APPLY NOW
Maryland Collection Agency Bond Commissioner of Financial Regulation Section 7-304 3/27/2009 APPLY NOW
Massachusetts $25,000 Collection Agency Bond Massachusetts Division of Banks form No.41C 500 APPLY NOW
Michigan Collection Agency Bond Bureau of Commercial Services, Licensing Division BCS/LCA-060 (04/11) APPLY NOW
Minnesota Collection Agency (Corp/LLC) Bond Commissioner,Dept of Commerce Section 332.31 to 332.45 APPLY NOW
Minnesota Collection Agency (Partnership) Bond Commissioner,Dept of Commerce Section 332.31 to 332.45 APPLY NOW
Minnesota Collection Agency (Sole Prop.) Bond Commissioner,Dept of Commerce Section 332.31 to 332.45 APPLY NOW
Nebraska Collection Agency License Bond Bond NE Collection Agency Licensing Board APPLY NOW
Nevada (Gryphon Corp.) Client Contract Bond Bond Gryphon Corp. APPLY NOW
Nevada COLLECTION AGENCY Bond State of Nevada Business & Industry Dept Posted 3/12/2010 APPLY NOW
Nevada Collection Agency Bond Bond Department of Business and Industry 09/11 APPLY NOW
New Jersey Collection Agency Bond Deputy Attorney General Form C-132 Rev. 6-1-02 APPLY NOW
New Mexico Collection Agency Corporate Bond Bond Finance Institutions Division $5K APPLY NOW
New York DCA Licensing Center Debt Collection Agency Bond NYC - DCA Licensing Center APPLY NOW
New York City of Buffalo Collection Agency Bond Bond City of Buffalo, Dept of Economic Development $5K APPLY NOW
New York Collection Agency Bond Bond Office of Licenses CAG appl 2 APPLY NOW
North Carolina 2013-2014 New Domestic Collection Agency Bond Bond Dept of Insurance Rev.04/03/2013 APPLY NOW
North Dakota Collection Agency Bond Dept of Financial Institutions, Consumer Division SFN 2115 (Rev. 04-2002) APPLY NOW
Oregon Collection Agency Bond Dept of Consumer & Buisness Services 440-2778 (7/09) APPLY NOW
Rhode Island Collection Agency Bond State of Rhode Island APPLY NOW
Tennessee Collection Agency Bond Bond Tennessee Department of Commerce and Insurance IN0288 (Rev. 1-09) $25K APPLY NOW
Tennessee Collection Service License Bond Bond Tennessee Department of commerce and Insurance IN0288 (Rev. 1-09) $10K APPLY NOW
Tennessee Credit Services Organization Bond Bond Director of Tennessee Division of Consumer Affairs $100K, (rev. 5/99) APPLY NOW
Tennessee Collection Service License Bond Tennessee Department of Commerce $20K, IN-0288 (Rev. 1-09) APPLY NOW
Texas Private Child Support Enforcement Agencies Bond Bond Texas Department of Banking 451.699-12-03 [12/01], TDI-01-BB-155-TDB-PF2 APPLY NOW
Texas Third Party Debt Collector Bond Secretary of State, Statutory Documents Section $10K, Form #2901 Rev. 02/2012 APPLY NOW
Utah Collection Agency Bond Dept of Commerce Title 12, Code 1953 APPLY NOW
Washington Collection Agency Bond Business and Professions Division, Collection Agency Section CA-643-002 (R/9/10) APPLY NOW
West Virginia Collection Agency Bond Tax Dept, Internal Auditing Division WV/CAB-1 Rev. 5/11 APPLY NOW
Wisconsin Collection Agency Bond Dept of Financial Institutions DFI/LFS/430 (R 2/01) APPLY NOW
Wyoming Collection Agency Bond Collections Agency Board W.S. 33-11-108 Rev 6/04 APPLY NOW


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