How much will my debt collection agency bond cost in Oregon?
Oregon collection agency bonds are required by the Director of the Department of Consumer and Business Services and must be in the amount of $10,000 and cost $100 if the agency has a location or trust account within the state.
|Bond Type||Bond Amount||Cost|
|$10,000 Collection Agency Bond Location and/or trust account in Oregon||$10,000||$100|
|$15,000 Collection Agency Bond No location or trust account in Oregon||$15,000||Price Varies||GET A QUOTE|
Why do I need this bond?
Oregon debt collection surety bonds ensure that principals (collection agencies) abide by all of the laws, rules and regulations stated in the Oregon Revised Statutes Chapter 697. Some of these laws include:
- permitting the director to access any records
- maintaining regular business hours
- not depositing money of multiple clients into the same account
Fill out our online bond request form to connect with a surety specialist. 5 minutes and $100 is all it takes to get the bond you need when you work with SuretyBonds.com!
What’s the fine print?
Oregon collection agency bonds are continuous until canceled. If the surety decides to cancel this bond, written notice must be given to the Department of Consumer and Business Services 30 days prior to cancellation.
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.
Or, choose your state from the list below:
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- Washington D.C.
- West Virginia