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Colorado Collection Agency Bond

Colorado Collection Agency Bond

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Who Requires the Collection Agency Bond and Why Is It Needed?

A surety bond is required for licensees now engaged, or intending to be engaged, in the business of a collection agency in the State of Colorado. The surety bond is required pursuant to the Administrator Colorado Fair Debt Collection Practices Act. The bond ensures that the collection agency accounts for and pay the proceeds of all collections less the charges for collection in accordance with the terms of the agreements made between said licensee and all its clients. The bonded agency is also obligated to faithfully comply with the requirements of the Colorado Fair Debt Collection Practices Act and the rules and regulations of the Administrator pertaining to the license. Furthermore, the collection agency must turn over to its clients any legally required notes, documents, or evidence of indebtedness that may have been deposited with licensee.

How Much Will My Surety Bond Cost?

Some Colorado Collection Agency Bonds are offered completely online without a credit check or any paperwork. Surety Bonds Direct has access to the lowest bond prices available in the market for applicants with good credit and bad credit.

It only takes a couple minutes to provide us with the information required for a free, no-obligation quote. Or if you prefer, call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

List of Colorado surety bonds.

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