This surety bond is required by the State of Utah under the provisions of Title 12 of the Utah Code Annotated. The bond ensures that the bond holder shall, upon written demand, pay and turnover to or for each and every person, partnership, association, or corporation for whom any account, bill, or other indebtedness is taken for collection, the proceeds of such collection, in accordance with the terms of the agreement upon which such account, bill, or other indebtedness was received for collection. The bond amount is $10,000. In many cases, the premium on this bond is as little as $100.
To Attain an Utah Collection Agency 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.