Hawaii statutes require any person or business who operates as a collection agency to provide a Hawaii collection agency bond to the Department of Commerce and Consumer Affairs in the amount of $25,000 for the primary office and a $15,000 surety bond for each branch office. The conditions of the surety bond are that the principal will account for and pay all new proceeds from collection accounts to those to whom they are due within thirty days, comply with HRS Chapter 443B and any rules, laws or orders made thereafter regulating collection agencies.
Surety One, Inc., will issue these for experienced applicants regardless of credit condition. We also offer superlative fidelity bond coverages to protect against losses due to employee dishonesty. Visit the nation’s surety leader at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.org, for a Hawaii collection agency bond application or information about any bond product.