Georgia Private Child Support Collector Bond Guide
If you’re applying for a private child support collector registration in Georgia, you’ll likely need this surety bond.
Bond Overview
- Purpose: To insure individuals if a collector mishandles funds or breaks the law
- Who Needs It: Private child support collectors in Georgia
- Regulating Body: The Secretary of State Corporations Division
- Required Coverage: $50,000
- Premium Rate: $500–$5,000, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Georgia Private Child Support Collector Bond?
A Georgia private child support collector bond is financial security for any person damaged by a collector’s violation of state code.
The Secretary of State (SoS) requires this bond as part of the licensing process for private child support collectors. Alternatively, you can deposit $50,000 cash collateral.
How Much Do Private Child Support Collector Bonds Cost?
Georgia private child support collector bonds cost a small percentage of the $50,000 coverage amount, typically $500–$5,000.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Georgia private child support collector bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the SoS as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Georgia Private Child Support Collector Bond Work?
A private child support collector bond creates a legal contract between these three parties:
- Principal: You, the private child support collector filing the bond
- Obligee: The Secretary of State Corporations Division requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Georgia Code § 10-1-393.9-10.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your private child support collector bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.