{"id":824,"date":"2013-04-09T02:39:37","date_gmt":"2013-04-09T02:39:37","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=824"},"modified":"2017-01-03T16:20:38","modified_gmt":"2017-01-03T16:20:38","slug":"florida-collection-agency-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/florida-collection-agency-bond\/","title":{"rendered":"Florida Collection Agency Bond"},"content":{"rendered":"

A Florida collection agency bond<\/a><\/strong> is required only for Florida commercial collection agencies. \u00a0Consumer collection agencies are exempt from the Florida surety bond requirement however they must still register with the state.\u00a0Registration of a commercial collection agency authorizes the holder to collect or solicit collection for commercial claims, asserted to be owed or due to another person, including third party collectors (assignee) of debts made by commercial businesses (Chapter 559 Part V, Florida Statutes<\/a>). \u00a0The Florida collection agency bond\u00a0<\/strong>runs concurrent with the license from January 1st, to December 31st, of each year and is written in the amount of $50,000. \u00a0The statute requires that upon registration the registrant will provide evidence of surety bonding and upon renewal provide; (a) A copy of the surety bond, which bond shall be one issued by a surety known by the registrant to be acceptable to the office. \u00a0(b) A statement from the surety that the annual premium for the bond has been paid in full by the registrant; and, (c) A statement from the surety that the bond issued by the surety meets the requirements of this part. \u00a0The Florida collection agency surety bond<\/a><\/strong> guarantees that every credit grantor damaged as a result of unlawful or fraudulent commercial collection activities or failure of the registrant, or any salesperson, agency or representative thereof, to comply with Chapter 559, Part V, and the duly promulgated rules that may be issued now or hereafter and other lawful orders of the Office of Financial Regulation<\/a>, can bring an action on the bond for the amounts of damages sustained as a result of the registrant’s actions.\u00a0National\u00a0surety leader<\/strong>,\u00a0Surety One, Inc.<\/a>, is a bonding specialist in the insurance and financial services sector. \u00a0We offer collection agency bonds\u00a0<\/em>to all applicants regardless of credit. We also offer\u00a0fidelity bond<\/a>\u00a0coverages to protect against losses due to employee dishonesty. \u00a0Visit us at\u00a0SuretyOne.com<\/a>, call\u00a0(787) 333-0222<\/span>\u00a0or\u00a0(800) 373-2804<\/span>, or email\u00a0Underwriting@SuretyOne.com<\/span>\u00a0for a\u00a0Florida collection agency bond<\/strong>\u00a0application or bonding support in any state.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Florida collection agency bond is required only for Florida commercial collection agencies. \u00a0Consumer collection agencies are exempt from the Florida surety bond requirement however they must still register with the state.\u00a0Registration of a commercial collection agency authorizes the holder… Continue Reading →<\/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":[1009,1012,1010,1011],"yoast_head":"\nFlorida Collection Agency Bond • 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\/florida-collection-agency-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Florida Collection Agency Bond • Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"A Florida collection agency bond is required only for Florida commercial collection agencies. \u00a0Consumer collection agencies are exempt from the Florida surety bond requirement however they must still register with the state.\u00a0Registration of a commercial collection agency authorizes the holder... 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