What About The Collection Agency Bond & License?

  • Bond: $15,000 min.
  • License: Yes
  • Fee:
    • $1000 ­ Investigation
    • $200 ­ Annual
  • Exemption for out­of­state collectors: Out­of­state agencies do not need to be licensed if [1] collecting by interstate means (phone, fax, mail); and [2] collecting for an out­of­state client.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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