This bond ensures an agency fulfills its contract in an ethical manner. Oregon’s collection agency surety specifically requires that the bond holder, or principal, strictly complies with the provisions of Oregon Revised Statutes Chapter 697 and all rules adopted thereunder. This bond also ensures the agency will properly handle money it receives while pursuing outstanding debts. It also guarantees those funds are routed to the company with the outstanding debt. The bond amount is either $10,000 or $15,000. In most cases, the premium on this bond is generally as little as $100 for the year.
To Obtain a Oregon 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.