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Washington Collection Agency Bond

Want your bond emailed to you tomorrow? Buy your bond now .

Purchase your bond instantly online when you choose one of the 3 term options below. Save time and money by extending your bond term. Choosing a longer term now means you pay 25% less for your bond each year and forego the annual renewal process.

  • $100.00
    1 year term

  • $175.00
    2 year term - save $25.00!

  • $250.00
    3 year term - save $50.00!

Available Now
Want your bond emailed to you tomorrow? Buy your bond now .

How much does a Washington collection agency bond cost?

A Washington collection agency bond costs $100 per year and can be purchased instantly online. You can also save time and money on your renewal surety bond by selecting a 2-year or 3-year term at checkout.

Bond Type Bond Amount Cost
$5,000 Collection Agency Bond $5,000 $100

Why do I need a collection agency bond?

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

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 put into place 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 they violate 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 on a Washington collection agency bond?

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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.

What is considered a collection agency in Washington?

According to the Washington State Department of Revenue, any business involved in collecting debt on the behalf of a debt owner or a debt buyer is considered a debt collection agency. The state requires that these businesses have a collection agency endorsement and be licensed in the state of Washington. Washington is considered a closed-border state, meaning that if a debt collection agency needs to contact a client in the state, they must first acquire a debt collector license for the state of Washington.

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

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

Does my business need an out-of-state Washington collection agency license?

The difference between the two different Washington debt collector licenses are as follows:

How to become a licensed collection agency in Washington

To become a licensed collection agency in Washington, applicants are required to take the following steps:

  1. Complete a business application license and a collection agency license addendum
  2. Submit a business financial statement that includes liabilities and assets of the agency from one of the three months prior to application and proof of equity or net worth of at least $7,500
  3. Obtain a $5,000 Washington debt collector surety bond
  4. Pay the required fees:
    • $850 Washington collection agency license fee
    • $19 Washington business license fee
  5. Submit the application online or by mail to the Department of Revenue:

Business Licensing Service
P.O. Box 9034
Olympia, WA 98507-9034

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.

NH VT RI NJ DE MD DC MA CT HI AK FL ME NY PA VA WV OH IN IL WI NC TN AR MO GA SC KY AL LA MS IA MN OK TX NM KS NE SD ND WY MT CO UT AZ NV OR ID CA MI

Or, choose your state from the list below:

Additional Resources

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