Debt collection bond cost
The Texas Secretary of State’s Registrations Unit requires collection agencies to post $10,000 surety bonds.We can issues these bonds instantly for just $100! No credit check is required, so everyone pays the same low, flat premium rate.
Why this bond
By posting a Texas third party debt collector surety bond, principals (third party debt collectors), pledge to conduct business in accordance with the provisions of 392.001 of the Texas Finance Code.Specifically, this bond protects any person who is injured by a violation of the code from financial loss up to the full amount of the bond.
Third party debt collector bond details
Third party debt collector bonds in Texas remain in full force and effect unless canceled. The principal or the surety can cancel this bond by providing written notice of the intent to cancel to the Secretary of State at least 60 days prior to the effective date of the cancellation. If the cancellation is at the request of the surety, the surety must also provide the principal with written notification at least 60 days prior to the effective date of cancellation.
Apply for your surety bond
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