A collections professional must as a requirement of licensing post an Illinois collection agency bond. Pursuant to Illinois law, a “Debt collector” or “collection agency”, being synonymous means any person who, in the ordinary course of business, regularly, on behalf… Continue Reading →
An Idaho beer tax bond is required of all distributors of beer in the state. The law does not distinguish between wholesalers, brewers/brewery, producer or manufacturer of beer. All are considered a “beer dealer”/distributor within the meaning of the definitions provided… Continue Reading →
A Hawaii investment adviser bond is required by the Hawaii Department of Commerce and Consumer Affairs for each registrant that has custody of or discretionary authority over client funds or securities (HI 16-39-434) and falls within specific categories of adviser… Continue Reading →
A Florida collection agency bond is required only for Florida commercial collection agencies. Consumer collection agencies are exempt from the Florida surety bond requirement however they must still register with the state. Registration of a commercial collection agency authorizes the holder… Continue Reading →
If you wish to operate an employment placement service in the District Columbia you must provide a DC employment agency bond and follow the District’s specific procedures for licensing. DC defines an employment agency as any individual, partnership, association, corporation, contractor,… Continue Reading →
Pursuant to state law, a Colorado collection agency bond must be posted and a state license issued before the agency may begin operations. The Colorado Fair Debt Collection Practices Act (CFDCPA) regulates debe collection in the State. Out of state… Continue Reading →
California is one of few states that do not license auctioneers and auction companies however you MUST have a California auctioneer bond on file with the Secretary of State. California Code defines “auctioneer” as any individual who is engaged in,… Continue Reading →
In Alaska a person may not engage in the business of entering into premium finance agreements on insurance or otherwise act as a premium finance company unless he posts an Alaska premium finance company bond is approved for a license…. Continue Reading →
Wyoming law prohibits a person or business entity from operating a collection agency or debt collector service without having first received a license and posted a Wyoming collection agency bond. “Collection agency” means any person who: (A) Engages in any business,… Continue Reading →
Pursuant to West Virginia law, no person, firm, corporation or association may conduct within this State a collection agency without having first provided a West Virginia collection agency bond and obtained a business franchise registration certificate. “Collection Agency” is defined as… Continue Reading →
If you broker aircraft sales in the State of Washington you are required to post a Washington aircraft dealer license bond and follow specific licensing procedures to operate legally. Pursuant to statute, an “Aircraft Dealer” means a person engaged in… Continue Reading →
The Commonwealth of Virginia requires all participants in the auction profession to provide a Virginia auctioneer bond and fulfill the licensing requirements set by statute and the regulator. By state law, “auctioneer” means any person that conducts an ‘auction’, being the… Continue Reading →
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