This bond helps protect all persons, firms, corporations, LLCs, and partnerships entrusting to the licensee any account for collection, for which payment is to be made. The bond is required according to the Colorado Consumer Protection Section of the Collection Agency Regulation. The Colorado Fair Debt Collection Practices Act (“CFDCPA”) regulates debt collection in the State of Colorado and is enforced by the Administrator of the Colorado Fair Debt Collection Practices Act (“Administrator”). The required bond amount varies, with a minimum bond requirement of $12,000 and maximum bond requirement of $20,000. Applicants will have to find out from the state agency the amount of bond required. Surety1 has markets available that will write this obligation without a credit check.
To Obtain a Colorado 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.