Collection agency bond cost
The Financial Services Commission of Florida requires collection agencies to post $50,000 surety bonds. These bonds are subject to underwriting, which means the amount you’ll pay is based directly on a review of personal credit report. With good credit, applicants could pay as low as $300 for their bond! Don’t let bad credit stop you from getting the surety bond you need. Surety Bonds has a history of helping applicants from all financial backgrounds get bonded quickly and easily.
Why this bond
By posting a Florida collection agency bond, principals (collection agencies) pledge to conduct business according to Chapter 559, Part V of the Florida Statutes and any rules and regulations that may be issued now or in the future by the State of Florida Office of Financial Regulation. The bond protects any credit granter who suffers financial loss as a result of the collection agencies’ unlawful or fraudulent commercial collection activities.
Collection agency bond details
Collection agency bonds in Florida remain in full force and effect until otherwise canceled. The surety can cancel the bond by giving 30 days’ notice in writing to the principal and the state.
Apply for your surety bond
Get a FREE Collection Agency Bond Today! Click here to begin