This surety bond is required by the Illinois Department of Financial and Professional Regulation in the amount of $25,000. The bond is in compliance with Illinois Administrative Code Title 68, Chapter VII, Section 1210.25. It ensures that an agency fulfills its contract in an ethical manner and that the agency will properly handle money it receives while pursuing outstanding debts while also guaranteeing that funds are routed to the company with the outstanding debt. In most cases, the premium on this bond is as little as $188.
To Attain an Illinois 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.