What Is a Collection Agency Bond?
A collection agency bond is a state‑required surety bond that guarantees collection agencies operate ethically, follow all debt‑collection laws, and protect consumers from financial harm.
This bond protects the public and the state from:
- Misrepresentation or abusive collection practices
- Mishandling of client funds
- Failure to remit collected payments
- Violations of state or federal collection laws
- Fraud or misconduct
If you’re applying for or renewing a collection agency license, your state requires this bond before issuing the license.
Collection Agency Bond Amount & Cost
Bond amounts vary by state and typically range from $5,000 to $50,000, though some states require higher limits.
Your cost depends on:
- Bond amount
- Credit score
- Business financials
- State regulations
Most applicants qualify instantly with competitive rates.
Connects you directly to your state’s collection‑agency bond requirements with pre‑filtered options for fast selection.
Who Needs a Collection Agency Bond?
You may need a collection agency bond if you are:
- A third‑party debt collector
- A debt buyer
- A repossession company (in some states)
- A loan servicing company
- A skip‑tracing or recovery agency
- A medical or financial collections firm
Any business collecting debts on behalf of others may be required to file this bond.
Collection Agency Bond Requirements and Eligibility
States typically require:
- Completed collection agency license application
- State‑mandated bond amount
- Credit review
- Background checks
- Annual renewal
Some states require separate bonds for branch locations.
How the Collection Agency Bond Process Works
1
Complete the Application
Submit the quick, 60‑second application.
Simplifies licensing with a national bond platform that automatically routes you to the correct state and bond type.
2
Secure the Lowest Rate
We match you with the best rate available from A‑rated sureties.
3
Receive your bond
Same‑day issuance available for state filing.
State Collection Agency Bond Pages
Arizona, Texas, and Florida each have their own licensing rules and required bond amounts for collection agencies. These links take users directly to the correct state page for fast, compliant bonding.
Arizona Collection Agency Bonds — State licensing rules, bond amounts, and compliance details
Texas Collection Agency Bonds — Requirements for third‑party collectors, debt buyers, and agencies
Florida Collection Agency Bonds — Florida OFR licensing and bond obligations
Why Choose Us for Your Collection Agency Bond
- Lowest rates from A‑rated sureties
- Fast approvals
- Digital delivery for immediate filing
- Collection agency bond specialists
- 100% state compliance guaranteed
Top Collection Agency Bond Questions Answered
Our most common questions answered efficiently.
Pricing depends on the bond amount and your credit. Most bonds are affordable and approved quickly.
Most applicants receive same‑day approval.
It guarantees compliance with state and federal debt‑collection laws and protects consumers and clients from financial harm.
Bonds are generally non‑refundable once issued.
Yes — your bond must remain active for your license to stay valid.
