Arkansas Collection Agency Bond's are required by Arkansas's State Board of Collection Agencies to obtain your Arkansas Collection Agency Bond. The Arkansas Collection Agency Bond amount is set at $25,000.
a $25,000 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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