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Collection Agency Bonds
Collection Agency Bonds guarantee state required licenses. The specifics of the guarantee change depending on the state's rules and regulations set fourth on behalf of collection agencies operating in said state.
Current Market
For the most part, collection agencies are viewed as a higher risk bond type in comparison to many other common commercial surety bond types. Rates are typically higher than other license bonds. The commercial surety bond market as a whole has stabilized. This means that collection agency rates should not see significant changes for some time to come.
Special Programs
Our agency has special programs to enable high risk bond applicants to qualify for their bond regardless of their credit situation. For clients with strong credit, we offer numerous standard market programs at competitive rates.
Recent Collection Agency Related Articles:
Collection Agency Bond State Requirements
| Bond | Required By | Bond Form Version | Application |
|---|---|---|---|
| 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 |
| 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 |
| 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 (continuous) Bond | Office of Consumer Credit Regulation | Continuous DC bond 2008 rev. | APPLY NOW |
| Maine Debt Collector/Repossession Bond | Office of Consumer Credit Regulation | Title 32, Sections 11001-11055 | 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 COLLECTION AGENCY Bond | State of Nevada Business & Industry Dept | Posted 3/12/2010 | APPLY NOW |
| New Jersey Collection Agency Bond | Deputy Attorney General | Form C-132 Rev. 6-1-02 | APPLY NOW |
| New Mexico Collection Agency Bond | Finance Institutions Division | Chapter 61, Article 18A | 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 Collection Agency Bond | Dept of Insurance | § 58-70-20(a) 04/27/2011 | 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 Service License Bond | Tennessee Department of Commerce | $20K, IN-0288 (Rev. 1-09) | APPLY NOW |
| Tennessee Collection Service License Bond Bond | Tennessee Department of commerce and Insurance | IN0288 (Rev. 1-09) $10K | APPLY NOW |
| Tennessee Collection Agency Bond Bond | Tennessee Department of Commerce and Insurance | IN0288 (Rev. 1-09) $25K | 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 | Form #2901 Rev. 05/2009 | 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 |
