{"id":608,"date":"2013-03-19T04:30:13","date_gmt":"2013-03-19T04:30:13","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=608"},"modified":"2017-01-03T16:20:40","modified_gmt":"2017-01-03T16:20:40","slug":"idaho-collection-agency-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/idaho-collection-agency-bond\/","title":{"rendered":"Idaho Collection Agency Bond"},"content":{"rendered":"<p>A collection agency in the State of Idaho must be licensed and provide an\u00a0<strong><a title=\"Surety One commercial surety page\" href=\"https:\/\/suretyone.com\/commercial-surety-bonds\" target=\"_blank\">Idaho collection agency bond<\/a><\/strong>. \u00a0The state agency regulating debt collection activity, the Department of Finance\u00a0defines licenses collection agencies and state law <a title=\"ID Collection Agency laws\" href=\"http:\/\/legislature.idaho.gov\/idstat\/Title26\/T26CH22SECT26-2223.htm\" target=\"_blank\">Title 26, 2223<\/a> defines a &#8220;collection agency&#8221; as\u00a0a person or entity who, (2) engages in the business of collecting or receiving payment for others of any account, bill, claim or other indebtedness; (3) \u00a0solicits or advertises to collect or receive payment for another of any account, bill, claim or other indebtedness; (4) \u00a0sells or otherwise distributes in thie state any system or systems of collection letters or similar printed matter where the name of any person other than the particular creditor to whom the debt is owed appears; (5) \u00a0engages in any activity in this state which indicates that a third party is or may be involved in effecting any collections; or, (6) \u00a0engages or offers to engage in the business of collecting any form of indebtedness for that person&#8217;s own account if the indebtedness was acquired from another person and if the indebtedness was either delinquent or in default at the time it was acquired. \u00a0The\u00a0<strong>&#8216;<a title=\"ID Collection Agency Bond Form\" href=\"http:\/\/finance.idaho.gov\/CollectionAgency\/Forms\/15000CollectionAgencyBondForm.pdf\" target=\"_blank\">surety bond for permittee under the Idaho Collection Agency Act<\/a>&#8216;<\/strong>\u00a0must be a minimum of $15,000 although the amount can be increased. \u00a0The <strong>Idaho collection agency bond<\/strong> obligation ensures against the licensee&#8217;s failure to account for and pay over the proceeds of any collection made or money received for payment or prorating to creditors, or failure to return to a debtor any sum received that was not to be applied to his debts. \u00a0The\u00a0<strong>nation\u2019s surety leader<\/strong>,\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">Surety One, Inc.<\/a>, is a specialist in the bonding needs of the financial services sector. \u00a0We will issue these\u00a0<em>surety bonds\u00a0<\/em>for ALL applicants in every state that requires bonding of collection agencies. We also offer superlative\u00a0<a title=\"Surety One fidelity bond page\" href=\"https:\/\/suretyone.com\/fidelity-bonds\" target=\"_blank\">fidelity bond<\/a>\u00a0coverages to protect against losses due to employee dishonesty. \u00a0Visit the surety leader at\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">SuretyOne.com<\/a>, call\u00a0<span style=\"color: #ff0000;\">(787) 333-0222<\/span>\u00a0or\u00a0<span style=\"color: #ff0000;\">(800) 373-2804<\/span>, or email\u00a0<span style=\"color: #ff0000;\">Underwriting@SuretyOne.com<\/span>\u00a0for an\u00a0<strong>Idaho collection agency bond<\/strong>\u00a0application or information about any bond product.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A collection agency in the State of Idaho must be licensed and provide an\u00a0Idaho collection agency bond. \u00a0The state agency regulating debt collection activity, the Department of Finance\u00a0defines licenses collection agencies and state law Title 26, 2223 defines a &#8220;collection&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/idaho-collection-agency-bond\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[139],"tags":[756,955,757,755],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Idaho Collection Agency Bond &bull; Surety One, Inc.<\/title>\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\/idaho-collection-agency-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Idaho Collection Agency Bond &bull; Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"A collection agency in the State of Idaho must be licensed and provide an\u00a0Idaho collection agency bond. \u00a0The state agency regulating debt collection activity, the Department of Finance\u00a0defines licenses collection agencies and state law Title 26, 2223 defines a &#8220;collection... 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