New York Buffalo Collection Agency Bond
Purchase your bond instantly online when you choose one of the 3 term options below. Save time and money by extending your bond term. Choosing a longer term now means you pay 25% less for your bond each year and forego the annual renewal process.
$100.00
1 year term
$175.00
2 year term - save $25.00!
$250.00
3 year term - save $50.00!
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How much does a collection agency bond cost in Buffalo, New York?
If you or your business acts as a collection agency within the City of Buffalo, you are mandated to post a surety bond in the amount of $5,000. This bond can be purchased instantly online for a one-year term for a $100 premium. However, you can save time and money by purchasing this bond for a multiple-year term up-front and getting our 25% multi-year discount.
Low credit? No problem! SuretyBonds.com offers a bad credit bonding program just for you. Complete a bond request to get in touch with a surety specialist today.
Why do I need this bond?
By posting a bond, the principal (collection agency) obligates to truly comply with the provisions of Chapter 140 of the Buffalo City Code. Specifically, this bond offers indemnity to any person who suffers a damage by any unlawful act of the principal.
Have a question? Contact us to speak with a bonding expert. Fill out our easy bond request form or call 1 (800) 308-4358 to get started.
What’s the fine print?
All bonds will remain in full effect unless voided. Furthermore, all bonds must be notarized.
How to become a collection agency in Buffalo, New York
Collection agency license applications must be sent to the Office of Permit and Inspection Services. Applications must be completed in full and include the following attachments:
- Copy of the financial statement
- $5,000 surety bond
- Police record check
- Corporate filling receipt
- Licensing fees
Collection Agency Bonds Nationwide
Many collection agencies operate in multiple states, meaning they may be required to have multiple surety bonds. Get more information about other states’ collection agency bond requirements by selecting a state on the map below.
