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Washington Collection Agency Bond

How much does a debt collection agency bond cost in Washington?

The Washington Department of Licensing, Collection Agency Section requires collection agencies, both out-of-state and in-state, to post $5,000 surety bonds.

SuretyBonds.com issues these bonds instantly for just $100! No credit check is required, so everyone pays the same flat rate. Get bonded now!

Bond Type Bond Amount Cost*
$5,000 Collection Agency Bond $5,000 $100 Buy Now
$5,000 Out-of-State Collection Agency Bond $5,000 $100 Buy Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

5 minutes and $100 is all it takes to get the bond you need when you choose SuretyBonds.com! Call 1 (800) 308-4358, or submit a bond request to get started.

Why do I need this bond?

By posting a Washington collection agency surety bond, principals (in-state or out-of-state collection agencies) pledge to comply with provisions of Chapter 19.16 of the Revised Code of Washington, as well as all rules and regulations adopted by the Director of the Department of Licensing. Specifically, the bond guarantees that the principal will pay all fees and amounts that become due if he or she violates the terms of the bond agreement.

Submit a bond request now! Our experts can get you set up with the bond you need instantly for just $100.

What’s the fine print?

Collection agency bonds in Washington remain continuous until canceled. The surety can cancel the bond by providing written notice of cancellation to the Department of Licensing at least 30 days prior to the effective date of cancellation.

How to become a collection agency in Washington

If you solicit, collect, or attempt to collect claims for collection, you need:

  • a collection agency license if your main office is:
    • in Washington or
    • outside of Washington and you have, or plan to have, clients located in Washington
  • an out-of-state collection agency license if:
    • your main office and all branch offices are located outside of Washington
    • you don't have any clients located in Washington and
    • you're contacting debtors in Washington who owe money to your out-of-state clients

To become a licensed collection agency in Washington, applicants must submit the following materials:

  • completed business license application, business license application supplement for collection agency, branch office or out-of-state office and business financial statement/balance sheet
  • $5,000 surety bond
  • appropriate fees
  • list of individuals with more than 20% interest in the business
  • and more

Begin the licensing process by purchasing the bond you need for just $100!

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Buy Your Collection Agency Bond Now!

Washington State Department of Licensing Collection Agency or Out-of-State Collection Agency Surety Bond form

Washington State Department of Licensing How to get your license: Collection agencies

State of Washington Business Licensing Service Business License Application

Washington State Department of Licensing Forms: Collection agencies

Revised Code of Washington Chapter 19 Section 16 Collection Agencies

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