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Florida Collection Agency Bond

Florida Collection Agency Bond

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

Collection Agency Bonds (also called a Debt Collector Bonds) in the amount of $50,000 are required in Florida per CCA: Consumer Collection Agencies – Chapter 559 Part VI, Florida Statutes. The registration authorizes the agency to collect or attempt to collect consumer debts owed or due to another person, including third party collectors (assignee) of debts made by individual consumers. The bond protects consumers against the possibility that the agency acts in an illegal or unethical manner.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Florida Collection Agency Bond. The quote request is free and there is no obligation to you. If you prefer, please 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.

What Does the Bond Protect Against?

This surety bond protects third party individuals and the State of Florida by ensuring that the commercial collection agency complies with the provisions of Chapter 559, Part V, Florida Statutes, and any rules, amendments or lawful orders issued now or hereafter by the State of Florida, Office of Financial Regulation, or its successors.

List of Florida surety bonds.

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