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Arizona Collection Agency Bonds

What is an Arizona Collection Agency Bond?

A Collection Agency Bond is required for licensed collection agencies operating in Arizona within the meaning of Title 32, Chapter 9, Arizona Revised Statutes. Along with complying with the Arizona Revised Statutes, the state requires that the bonded collection agency pays all damages suffered by anyone injured by wrongful acts, defaults, fraud or misrepresentation by the licensee or its employees relating to any transaction governed by the statutes or licensing terms and conditions.

Get Your Arizona Collection Agency Bond

Collection Agency Bond
$25,000 or less

Bonds up to $25,000

1-Year Bond Starts at $100.00
1.0% of the Bond Amount

Collection Agency Bond
over $25,000

Bonds over $25,000

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Why is an Arizona Collection Agency Bond Required?

The Collection Agency Surety Bond protects the State of Arizona or any person injured as a result of fraudulent or wrongful acts, misrepresentation or default by the licensee or his employees. The principal must also comply with applicable provisions of Title, Chapter and Article of the Arizona Revised Statutes.

Collection Agency Bonds And Getting Your Arizona Business License/Registration

Application Fees and Forms required for Collections Agencies pursuant to Arizona Revised Statues ยง6-126 et seq.:

  • DFI License Application
  • Collection Agency Supplement
  • Biographical Statement
  • Collection Agency Bond
  • Statement of Citizenship
  • Personal Financial Statement
  • Company Financial Statement

Additional Arizona Collection Agency Bond Resources & Links

Arizona Department of Financial Institutions Licensing