A collection agency in the State of Connecticut must be licensed and provide a Connecticut consumer collection agency bond. The state agency regulating debt collection activity, the Connecticut Department of Banking defines a “consumer collection agency” as “any person engaged in the business of collecting or receiving for payment for others of any account, bill or other indebtedness from a consumer debtor or engaged in the business of collecting or receiving for payment property tax from a property tax debtor on behalf of a municipality.” The Connecticut collection agency bond must be issued in the amount of $25,000 and guarantees that the licensee will faithfully account for all funds entrusted to him or her, and collected and received in his or her capacity as a consumer collection agency. The nation’s surety leader, Surety One, Inc., is a specialist in the bonding needs of the financial services sector. We will issue these surety bonds for ALL applicants in every state that requires bonding of collection agencies. We also offer superlative fidelity bond coverages to protect against losses due to employee dishonesty. Visit the surety leader at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for an Connecticut consumer collection agency bond application or information about any bond product.
