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North Carolina Collection Agency Bond

North Carolina Collection Agency Bond

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

A Collection Agency Surety Bond is required by NCGS 58-70-20(a) for domestic, alien and foreign collection agencies to legally conduct business functions in the State of North Carolina. The Collection Agency Surety Bond is made in favor of the State of North Carolina and issued for the benefit of any person, firm or corporation engaged by the bonded principal in the business of collection of accounts. The purpose of the surety bond is to indemnify clients for losses incurred as a result of funds not accounted for by the bonded principal from the date of issuance of the permit to the principal until July 1st of the following year.

How Much Will My Surety Bond Cost?

Some North Carolina 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 North Carolina surety bonds.

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