The Texas Secretary of State requires any person or business who operates as a collection agency must provide third party debt collector bond to the Secretary of State. The debt collector bond requirement is $10,000. Careful! Collection activity can also fall under debt management. A debt management company must also provide a surety bond to the Office of the Consumer Credit Commissioner in the amount of $10,000. The collection agency bond guarantee code compliance and payment of third party funds to those entitle to receive them. The conditions of the debt management surety bond are that the principal and its agents will comply with all of the provisions of Texas Finance Code Chapter 394.201 et.seq., or any regulations, rules, and orders promulgated by the Commissioner. Surety One, Inc., will issue both of these license bond types for experienced applicants regardless of credit condition. We also offer superlative fidelity bond coverages to protect against losses due to employee dishonesty. For more information about the Texas third party debt collector bond or any other bonding need, visit the nation’s leader in surety at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com. Nuestros representantes hablan su idioma.
