Rhode Island Debt Collector Bond Guide
If you are applying for a debt collector business license in Rhode Island, you'll need to purchase a surety bond.
Bond Overview
- Purpose: To protect clients from harm if a collector acts dishonestly
- Who Needs It: All debt collector licensees in Rhode Island
- Regulating Body: The Rhode Island Department of Business Regulation
- Required Coverage: $50,000
- Premium Rates: Start at $500, vary based on credit score
Apply now to get your free bond quote.