{"id":1185,"date":"2013-06-02T04:13:40","date_gmt":"2013-06-02T04:13:40","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=1185"},"modified":"2017-07-20T23:30:02","modified_gmt":"2017-07-20T23:30:02","slug":"arkansas-collection-agency-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/arkansas-collection-agency-bond\/","title":{"rendered":"Arkansas Collection Agency Bond"},"content":{"rendered":"<p>As in most states where regulated, an <strong>Arkansas collection agency bond\u00a0<\/strong>is required of persons and entities engaging in collection activity. \u00a0Arkansas statutes defines a collection agency as any person who works with or employs one or more other persons, or any business which engages in the collection of delinquent accounts, bills, or other forms of indebtedness, or any person, partnership, corporation, or association using a fictitious name or any name other than their own in the collection of their own accounts receivable, or any person, partnership, corporation, or association which solicits claims for collection. The <a title=\"AR state board of collection agencies\" href=\"http:\/\/www.asbca.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">State Board of Collection Agencies<\/a> must require each licensee to secure an <strong>Arkansas collection agency bond\u00a0<\/strong>in an amount not less than five thousand dollars ($5,000) nor more than twenty-five thousand dollars ($25,000) for each location that the agency operates. \u00a0The obligation contains one simple provision, that &#8220;upon written demand the licensee will pay and turn over to or for the person, partnership, association, or corporation from whom any account, bill, or other indebtedness is taken for collection in accordance with the terms of the agreement upon which it was received for collection&#8221;. \u00a0The Arkansas collection agency bond is not cumulative, being limited to only the face amount of the bond. \u00a0In the event that there are multiple claims, the surety may pay the aggrieved parties on a prorata basis. \u00a0Surety may also cancel the surety bond upon thirty days notice to the Board of Collection Agencies. \u00a0The Board&#8217;s website is a convenient and comprehensive source for information about licensing, the state laws governing collection activity, the Arkansas collection agency bond form as well as other forms pertinent to the licensing and renewal process. \u00a0You can find the Board&#8217;s website by clicking <a title=\"AR Collection agency board application page\" href=\"http:\/\/www.asbca.org\/collection_agencies\/index.html#licensing\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.<\/p>\n<p><strong>Arkansas surety bond leader<\/strong>,\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Surety One, Inc.<\/a>\u00a0is a surety bond specialist in the financial services sector. \u00a0We offer collection agency bonds<em>\u00a0<\/em>to all applicants regardless of principal credit and financial statement condition. We also offer broad\u00a0<a title=\"Surety One fidelity bond page\" href=\"https:\/\/suretyone.com\/fidelity-bonds\" target=\"_blank\" rel=\"noopener noreferrer\">fidelity bond<\/a>\u00a0coverages to mitigate employee dishonesty risks. \u00a0Visit us at\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">SuretyOne.com<\/a>, call\u00a0<span style=\"color: #ff0000;\">(800) 373-2804<\/span>, or email\u00a0<span style=\"color: #ff0000;\">Underwriting@SuretyOne.com<\/span>\u00a0for an <strong>Arkansas\u00a0collection agency bond<\/strong>\u00a0<a title=\"Collection agency app (Surety One)\" href=\"https:\/\/suretyone.com\/pdf\/all-bonds\/commercial-surety-bond-application.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">application<\/a>\u00a0or bonding support in any state.<\/p>\n<p>#suretybond #suretybonds #SuretyOne #Arkansas #insurance<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As in most states where regulated, an Arkansas collection agency bond\u00a0is required of persons and entities engaging in collection activity. \u00a0Arkansas statutes defines a collection agency as any person who works with or employs one or more other persons, or&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/arkansas-collection-agency-bond\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":2715,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[139],"tags":[2414,1476,1478,1477,1996,296,1998,297,299,2413,1734,1871,51,2329],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arkansas Collection Agency Bond<\/title>\n<meta name=\"description\" content=\"As in most states where regulated, an Arkansas collection agency bond is required of persons and entities engaging in collection activity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/arkansas-collection-agency-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arkansas Collection Agency Bond\" \/>\n<meta property=\"og:description\" content=\"As in most states where regulated, an Arkansas collection agency bond is required of persons and entities engaging in collection activity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/suretyone.com\/blog\/arkansas-collection-agency-bond\/\" \/>\n<meta property=\"og:site_name\" content=\"Surety One, Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Surety1\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Surety1\" \/>\n<meta property=\"article:published_time\" content=\"2013-06-02T04:13:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-07-20T23:30:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/suretyone.com\/blog\/wp-content\/uploads\/collection_agency_bond-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:site\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"C. 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