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Why is there a need for a New York Collection Agency Bond- City of Buffalo?
The New York Collection Agency Bond – City of Buffalo bond is a $5,000 bond required by the City of Buffalo under the provisions of Chapter 140 of the Code of the City of Buffalo. The bond ensures that the bondholder will comply with the provisions of Chapter 140 of the Code of the City of Buffalo, as amended, relating to collection agencies, and that he or she will pay all damages by reason of any misstatement, misrepresentation, fraud or deceit or any unlawful act or omission. The amount for this bond is set at $5,000 and must be also be notarized.
In addition to the bond, an applicant must also complete the application form. Attach a recent copy of the financial statement and/or income tax return. As well as submit to a Police background check and a Corporate Filing Receipt or DBA and pay the $400 fee.
How do I obtain a New York Collection Agency Bond, for the City of Buffalo?
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”). Once the paperwork is completed, the premium has been paid and processed. The bond will be issued and sent out in a timely manner. We offer shipping 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. The process has never been easier with Surety1, we work with over a dozen “A” rated surety markets. This ensures that we will 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.