Nevada Collection Agency Bonds
Nevada Collection Agency Bond Information
Nevada Collection Agencies must supply a surety bond to the the Financial Institutions Division of the State of Nevada in order to meet state financial responsibility requirements for collection agencies pursuant to Chapter 649 of the Nevada Revised Statues. The conditions of this bond are such that the principal and its agents comply with the rules and regulations and all provisions of statutes. Further, the bonded entity must pay all final judgments and orders, with expenses, becoming lawfully due or owed to the state on behalf of anyone who has successfully brought a cause of action against the principal related to business activities as a collection agency.
How Much Does a Collection Agency Bond Cost in Nevada?
Bonds up to $25,000
1% of the Bond Amount
Bonds over $25,000