The Corporations, Business, and Professional Licensing Division of the Alaska Department of Commerce, Community, and Economic Development require this surety bond under the Collection Agency Licensing Statute, AS 08.24. This $5,000 bond ensures that the collection agency will fulfill its contracts and properly handle any money it receives. If the collection agency misuses the funds, the state can file a claim on the agency’s bond. The agency must pay the face value of the bond if the claim is valid. In most cases, the premium on this bond is as low as $100.
To Obtain an Alaska Collection Agency Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.