Florida Commercial Collection Agency Surety Bond

Surety One, Inc. is your trusted partner in securing the Florida Commercial Collection Agency Surety Bond, a mandatory requirement for agencies operating within the state. This bond ensures compliance with the Florida Commercial Collection Practices Act, safeguarding creditors and maintaining ethical standards in the collection industry.

In Florida, any business engaged in collecting commercial debts on behalf of others must register with the Office of Financial Regulation (OFR). A crucial component of this registration is obtaining a $50,000 surety bond. This bond serves as a financial guarantee that the agency will adhere to state laws and regulations, providing recourse for creditors in cases of misconduct or violations. The bond must be issued by a surety company authorized to operate in Florida and should be continuous, remaining valid throughout the agency's licensure period.

The Florida Statutes, Section 559.546, outlines the specific requirements for this surety bond. It mandates that the bond be in favor of the Financial Services Commission of the State of Florida, benefiting any credit grantor who suffers damages due to the agency's non-compliance with the law. The bond must be maintained as long as the agency is in operation, with provisions for cancellation requiring a 30-day written notice to both the principal and the OFR.

At Surety One, Inc., we specialize in providing these bonds with efficiency and professionalism. Our streamlined application process ensures quick approvals, often within the same business day. We offer competitive rates for well-qualified applicants and non-standard terms for applicants that might have some credit weaknesses. Recognizing that each client's situation is unique. We provide tailored solutions, including options for those with credit challenges.

Securing your Florida Commercial Collection Agency Surety Bond through Surety One, Inc. is straightforward. Begin by completing our simple online application. Once submitted, our underwriting team will promptly review your information and provide a personalized quote. Upon acceptance and payment, we will issue your bond immediately and guide you through the proper filing procedures with the OFR, ensuring full compliance with state regulations.

With over 30 years of experience in the surety industry, Surety One, Inc. is licensed to issue bonds in all 50 states, Puerto Rico, and the U.S. Virgin Islands. Our commitment to excellence and customer satisfaction has made us a preferred choice for professionals in the collection industry nationwide. Florida surety bond leader Surety One, Inc., is committed to supporting your business's compliance and success in North Carolina's collection industry. The application process for obtaining a bond is simple. A simple commercial surety bond application is required. The bond, application for licensing and supporting materials are necessarily filed with the state regulator where the collection agency is domiciled. Most jurisdictions now process application through Nationwide Multistate Licensing System & Registry (NMLS) however the underlying regulator is often the state department of insurance. We offer immediate approval of your collection agency bond request. Our special programs afford each applicant bonding capacity regardless of credit and/or financial condition. Operating in multiple states? No problem! We offer surety and fidelity bonds in all states.

Surety bond application review and quoting are free of charge. There is no obligation to purchase.

What We Need From You

Obligee's Bond Form