Why is there a need for a Florida Collection Agency Bond?
The Florida Collection Agency Bond is required by the State of Florida, Office of Financial Regulation. to be in the amount of $50,000. This bond guarantees that the bond holder will act in compliance with the provisions of Chapter 559, Part V, Florida Statutes.
The surety bond is a requirement for all who wish to register a collection agency. A collection agency is any person engaged, as a primary or secondary business activity, in the business of soliciting commercial claims for collection or in the business of collecting commercial claims, asserted to be owed or due to another person, regardless of whether the collection efforts are directed at the primary debtor or some other source of payment. The application for the registration may be done online.
What is the process for getting a Florida Collection Agency Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). When the paperwork is finished and the premium is processed, your surety bond will be shipped. Either via USPS Priority Mail or your preferred expedited shipping method(for an additional cost).
The surety bond experts at Surety Solutions Insurance Services, Inc.(Surety1), are available to help you get bonded quickly and with ease. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.