Illinois Collection Agency Bond

What is an Illinois Collection Agency Bond? 

Illinois Collection Agency Bond's are required by Illinois's Department of Financial and Professional Regulation to obtain your Illinois Collection Agency Bond. The Illinois 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 Illinois Collection Agency Bond (Apply) online immediately

Illinois Collection Agency Bond Information and Requirements:

The bond form and requirements for a license:

https://www.idfpr.com/renewals/apply/forms/ca.pdf