Who needs this bond
Licensed collection agencies in every state that conditions the agency license on a posted surety bond.
Typical amount and term
Bond amount set by state, commonly 5,000 to 100,000 dollars. Premium 1 to 3 percent of bond amount.
What you will need
- State of license and license number
- Two years of business financials
- Owner credit authorization
How to apply
- Send state and license details
- Receive a per-state quote within one business day
- Bond signed and filed with the regulator