Alaska Collection Agency Bond's are required by Alaska's Department of Commerce to obtain your Alaska Collection Agency Bond. The Alaska Collection Agency Bond amount is set at $5,000. The condition of this obligation is such that, whereas the bonded principal, named above, has applied to the Department of Commerce, Community, and Economic Development of the State of Alaska for a collection agency license under the provisions of AS 08.24 and is required by the provisions of that law to furnish a bond conditioned as set out in this document.
a $5,000 surety 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.
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