How much does a collection agency bond cost in Utah?
The state of Utah Department of Commerce mandates that all collection agencies purchase and maintain a surety bond in the amount of $10,000. SuretyBonds.com typically issues these bonds instantly, starting at just $100.
|Bond Type||Bond Amount||Cost*|
|$10,000 Collection Agency Bond||$10,000||Starts at $100||Apply Now|
If you’re ready to purchase a Utah collection agency surety bond, call SuretyBonds.com at 1 (800) 308-4358 or submit a bond request to get bonded instantly!
Why do I need this bond?
Utah collection agency bonds ensure that principals (collection agencies) adhere to the provisions of Title 12, Utah Code Annotated 1953. Specifically, this bond guarantees any funds collected by a collection agency are handled in accordance with the agreed-upon collection contract.
Ready to get bonded for just $100? Get started now!
What’s the fine print?
Utah collection agency surety bonds remain valid for 1 year from the effective date, and it is the responsibility of the agency to renew the surety bond to avoid violation of statute. There is a $32 fee for this process.
The surety can cancel the bond at any time by providing written notice of cancellation 30 days in advance to the Utah Department of Commerce Division of Corporations and Commercial Code and the collection agency.
How to become a collection agency in Utah
Applicants can register as a collection agency by filing the application form with the state. Be sure to check the box “Registration” when filling out the form.
More application information can be accessed via the Additional Resources section of this page.
If you’re ready to get bonded instantly for just $100, give us a call at 1 (800) 308-4358. Or, you can fill out our instant online contact form, and one of our surety experts will contact you right away!
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