What is a Texas Third Party Debt Collector Bond?
The Texas Third Party Debt Collector Bond is required by the Secretary of State, Statutory Documents Section under Chapter 392 of the Finance Code. This bond must be acquired before engaging in any debt collecting activity within the State. The required bond amount is $10,000. A third party debt collector is a person who directly or indirectly engages in debt collection. Including those who sell or offer to sell forms represented to be a collection system, device, or scheme intended to be used to collect consumer debts. To be in this profession, you must have this bond o file. There is no registration required for third party debt collectors.
How do I obtain a Texas Third Party Debt Collector 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.