Massachusetts Collection Agency Bond

What is an Massachusetts Collection Agency Bond? 

Massachusetts Collection Agency/Debt Collector Bond's are required by Massachusetts's General Laws and Regulation to obtain your Massachusetts Collection Agency/Debt Collector Bond. The Massachusetts Collection Agency Bond amount is set at $25,000. 

The State requires a Collection Agency bond for:  

a $25,000 surety bond

Different parts of a bond:

 There are 3 parts to a Collection Agency surety bond. The Principal "YOU", The Surety Company, and the Obligee. The Principal is the business or individual applying for the Collection Agency Surety Bond. The Obligee is the individual or entity requiring the Surety Bond and the Surety Company is the company who provides the Surety Bond coverage.

Try our 100% Secure Collection Agency Bond Online Application to get the Lowest Collection Agency bond rates in all 50 States.

Program:

You can buy your Massachusetts Collection Agency Bond (Apply) online immediately

Massachusetts Collection Agency Bond Information and Requirements:

Must have a debt collectors license to be able to use and purchase a collection agency bond.

This license is required of any company or sole proprietorship that directly or indirectly collects or attempts to collect third party debt from Massachusetts consumers; and active debt buyers.