How much does a debt collection bond cost in Texas?
The Texas Secretary of State’s Registrations Unit requires collection agencies to post $10,000 surety bonds.
SuretyBonds.com issues these bonds instantly for just $100! No credit check is required, so everyone pays the same low, flat premium rate. Get bonded now!
|Bond Type||Bond Amount||Cost*|
|$10,000 Third Party Debt Collector Bond||$10,000||$100||Buy Now|
Pay just $100 for your Texas surety bond when you work with the experts at SuretyBonds.com. Call 1 (800) 308-4358 or click here to get bonded instantly!
Why do I need this bond?
By posting a Texas third party debt collector surety bond, principals (third party debt collectors), pledge to conduct business in accordance with the provisions of 392.001 of the Texas Finance Code.
Specifically, this bond protects any person who is injured by a violation of the code from financial loss up to the full amount of the bond.
What’s the fine print?
Third party debt collector bonds in Texas remain in full force and effect unless canceled. The principal or the surety can cancel this bond by providing written notice of the intent to cancel to the Secretary of State at least 60 days prior to the effective date of the cancellation. If the cancellation is at the request of the surety, the surety must also provide the principal with written notification at least 60 days prior to the effective date of cancellation.
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