Louisiana Collection Agency | $10,000 Collection Agency Surety Bond
Also known as: collection agency bond
Type of Bond
A Louisiana collection agency bond is a type of surety bond that is required for individuals or businesses operating as collection agencies within the state of Louisiana. The purpose of the bond is to provide financial protection to consumers and ensure that collection agencies operate in compliance with applicable laws and regulations. It serves as a guarantee that the bonded collection agency will handle debt collection activities ethically, responsibly, and in accordance with the Louisiana Revised Statutes governing the collection agency industry. By obtaining a Louisiana collection agency bond, the agency demonstrates its commitment to operating with integrity and protecting the rights of debtors. The bond helps safeguard against any fraudulent, deceptive, or abusive practices by the collection agency, ensuring that consumers are treated fairly and their rights are respected. In the event that the collection agency violates any laws or regulations, engages in unethical practices, or fails to fulfill its obligations, affected parties may file a claim against the bond. If the claim is found to be valid, the bond provides financial compensation to the harmed party, helping to cover any losses or damages incurred. The purpose of the Louisiana collection agency bond is to promote consumer confidence, maintain industry standards, and protect individuals from unscrupulous or unlawful debt collection practices. It helps to ensure accountability and compliance within the collection agency industry in Louisiana.
Program
The price you'll pay for your $10,000 Collection Agency Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $10,000 Collection Agency Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $10,000 Collection Agency Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Collection Agency Bond Application process.
The Louisiana Collection Agency Bond amount is currently set at $10,000.
Obligee Information
An obligee is the entity that is requiring you to have the Collection Agency bond.
Obligee: Louisiana Commissioner Of Financial Institutions
Street: Po Box 94095
State: Louisiana
Zip: 70804
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!