{"id":813,"date":"2013-04-07T03:20:42","date_gmt":"2013-04-07T03:20:42","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=813"},"modified":"2017-01-03T16:20:38","modified_gmt":"2017-01-03T16:20:38","slug":"colorado-collection-agency-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/colorado-collection-agency-bond\/","title":{"rendered":"Colorado Collection Agency Bond"},"content":{"rendered":"<p>Pursuant to state law, a <strong><a title=\"Surety One\" href=\"https:\/\/suretyone.com\" target=\"_blank\">Colorado collection agency bond<\/a><\/strong> must be posted and a state license issued before the agency may begin operations. \u00a0The Colorado Fair Debt Collection Practices Act (<a title=\"CO Collection law\" href=\"http:\/\/www.coloradoattorneygeneral.gov\/sites\/default\/files\/uploads\/cab\/cfdcpa2011.pdf\" target=\"_blank\">CFDCPA<\/a>) regulates debe collection in the State. \u00a0Out of state agencies are subject the same requirements as in-state agencies. \u00a0The Act defines &#8220;Collection agency&#8221; as any: (I) Person who engages in a business the principal purpose of which is the collection of debts; or (II) Person who: (A) Regularly collects or attempts to collect, directly or indirectly, debts owed or due or asserted to be owed or due another; \u00a0(B) Takes assignment of debts for collection purposes; (C) Directly or indirectly solicits for collection debts owed or due or asserted to be owed or due another (<a title=\"CO Collection law\" href=\"http:\/\/www.coloradoattorneygeneral.gov\/sites\/default\/files\/uploads\/cab\/cfdcpa2011.pdf\" target=\"_blank\">CO 12-14-103<\/a>). \u00a0The <strong>Colorado collection agency bond<\/strong> must be a minium of $12,000, however the penal sum of the surety bond is adjusted based on annual collections. \u00a0Pursuant to (<a title=\"CO Collection Agency laws\" href=\"http:\/\/www.coloradoattorneygeneral.gov\/sites\/default\/files\/uploads\/cab\/cfdcpa2011.pdf\" target=\"_blank\">CO 12-14-142<\/a>)The increase adjustment must be an additional two thousand dollars for each ten thousand dollars or part thereof by which the average monthly sums remitted or owed to all of its clients during the previous year exceed fifteen thousand dollars. \u00a0The <strong>Colorado collection agency bond<\/strong> runs to the <a title=\"CO Atty. Gen.\" href=\"http:\/\/www.coloradoattorneygeneral.gov\/departments\/consumer_protection\/uccc_car\/car\/licensing_requirements_and_application\" target=\"_blank\">Attorney General<\/a> for payment of amounts due to anyone or any party that has entrusted the agency with a collection matter, compliance with the CFDCPA, and the delivery on demand of a client&#8217;s files when requested. \u00a0A careful reading of the bond section of the law is important to understanding this obligation. \u00a0<strong>National\u00a0surety leader<\/strong>,\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">Surety One, Inc.<\/a>, specializes in the bond needs of the insurance and financial services sector. \u00a0We offer this class of <em>surety bond\u00a0<\/em>to all applicants in every state that requires bonds of collection agencies. We also offer broad\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 our site\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 a\u00a0<strong>Colorado collection agency bond<\/strong>\u00a0application or information about surety and fidelity bonding.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pursuant to state law, a Colorado collection agency bond must be posted and a state license issued before the agency may begin operations. \u00a0The Colorado Fair Debt Collection Practices Act (CFDCPA) regulates debe collection in the State. \u00a0Out of state&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/colorado-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":[994,996,995],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Colorado 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\/colorado-collection-agency-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colorado Collection Agency Bond &bull; Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"Pursuant to state law, a Colorado collection agency bond must be posted and a state license issued before the agency may begin operations. \u00a0The Colorado Fair Debt Collection Practices Act (CFDCPA) regulates debe collection in the State. \u00a0Out of state... Continue Reading &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/suretyone.com\/blog\/colorado-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=\"2013-04-07T03:20:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-01-03T16:20:38+00:00\" \/>\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. Poindexter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/suretyone.com\/blog\/#website\",\"url\":\"https:\/\/suretyone.com\/blog\/\",\"name\":\"Surety One, Inc.\",\"description\":\"Our Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/suretyone.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/suretyone.com\/blog\/colorado-collection-agency-bond\/#webpage\",\"url\":\"https:\/\/suretyone.com\/blog\/colorado-collection-agency-bond\/\",\"name\":\"Colorado Collection Agency Bond &bull; Surety One, Inc.\",\"isPartOf\":{\"@id\":\"https:\/\/suretyone.com\/blog\/#website\"},\"datePublished\":\"2013-04-07T03:20:42+00:00\",\"dateModified\":\"2017-01-03T16:20:38+00:00\",\"author\":{\"@id\":\"https:\/\/suretyone.com\/blog\/#\/schema\/person\/d34de27c146d5df3d1fb94d9b0c04605\"},\"breadcrumb\":{\"@id\":\"https:\/\/suretyone.com\/blog\/colorado-collection-agency-bond\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/suretyone.com\/blog\/colorado-collection-agency-bond\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/suretyone.com\/blog\/colorado-collection-agency-bond\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/suretyone.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Colorado Collection Agency Bond\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/suretyone.com\/blog\/#\/schema\/person\/d34de27c146d5df3d1fb94d9b0c04605\",\"name\":\"C. Poindexter\",\"sameAs\":[\"https:\/\/www.SuretyOne.com\",\"https:\/\/www.facebook.com\/Surety1\",\"https:\/\/twitter.com\/SuretyOne\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Colorado Collection Agency Bond &bull; Surety One, Inc.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/suretyone.com\/blog\/colorado-collection-agency-bond\/","og_locale":"en_US","og_type":"article","og_title":"Colorado Collection Agency Bond &bull; Surety One, Inc.","og_description":"Pursuant to state law, a Colorado collection agency bond must be posted and a state license issued before the agency may begin operations. \u00a0The Colorado Fair Debt Collection Practices Act (CFDCPA) regulates debe collection in the State. \u00a0Out of state... Continue Reading &rarr;","og_url":"https:\/\/suretyone.com\/blog\/colorado-collection-agency-bond\/","og_site_name":"Surety One, Inc.","article_publisher":"https:\/\/www.facebook.com\/Surety1\/","article_author":"https:\/\/www.facebook.com\/Surety1","article_published_time":"2013-04-07T03:20:42+00:00","article_modified_time":"2017-01-03T16:20:38+00:00","twitter_card":"summary","twitter_creator":"@SuretyOne","twitter_site":"@SuretyOne","twitter_misc":{"Written by":"C. Poindexter","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/suretyone.com\/blog\/#website","url":"https:\/\/suretyone.com\/blog\/","name":"Surety One, Inc.","description":"Our Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/suretyone.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/suretyone.com\/blog\/colorado-collection-agency-bond\/#webpage","url":"https:\/\/suretyone.com\/blog\/colorado-collection-agency-bond\/","name":"Colorado Collection Agency Bond &bull; Surety One, Inc.","isPartOf":{"@id":"https:\/\/suretyone.com\/blog\/#website"},"datePublished":"2013-04-07T03:20:42+00:00","dateModified":"2017-01-03T16:20:38+00:00","author":{"@id":"https:\/\/suretyone.com\/blog\/#\/schema\/person\/d34de27c146d5df3d1fb94d9b0c04605"},"breadcrumb":{"@id":"https:\/\/suretyone.com\/blog\/colorado-collection-agency-bond\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/suretyone.com\/blog\/colorado-collection-agency-bond\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/suretyone.com\/blog\/colorado-collection-agency-bond\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/suretyone.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Colorado Collection Agency Bond"}]},{"@type":"Person","@id":"https:\/\/suretyone.com\/blog\/#\/schema\/person\/d34de27c146d5df3d1fb94d9b0c04605","name":"C. Poindexter","sameAs":["https:\/\/www.SuretyOne.com","https:\/\/www.facebook.com\/Surety1","https:\/\/twitter.com\/SuretyOne"]}]}},"_links":{"self":[{"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/posts\/813"}],"collection":[{"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/comments?post=813"}],"version-history":[{"count":1,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/posts\/813\/revisions"}],"predecessor-version":[{"id":2027,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/posts\/813\/revisions\/2027"}],"wp:attachment":[{"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/media?parent=813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/categories?post=813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/suretyone.com\/blog\/wp-json\/wp\/v2\/tags?post=813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}