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Washington Collection Agency Bond

How much does a $5,000 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 99% of applicants at a cost of just $100.

Bond Type Bond Amount Cost*
$5,000 Collection Agency Bond $5,000 Starts at $100 Applyy 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.

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How to become a collection agency in Washington

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

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!

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:

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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