This surety bond is required by the Revenue Division of the West Virginia State Tax Department under the provisions of Chapter 47, Article 16 of the Code of West Virginia. The required bond amount is $5,000. A separate bond should be filed for each collection agency, including each principal office and all branch offices thereof. This bond ensures that the bond holder will pay all damages to the state or a private person resulting from any unlawful act or action by such person or his or its agent in connection with the conduct of the business of the collection agency. This continuing bond shall be filed with the tax commissioner. In most cases, the premium on this bond is as little as $100.
To Obtain a West Virginia 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.