Commercial Collection Agencies or debt collectors in Florida are required to have a license and obtain a Florida Collection Agency Surety Bond.
This bond guarantees that the Florida collection agency will handle money appropriately. Any money received will go to company requesting collections for debt.
Collection agencies must apply for a license through the Florida Office of Financial Regulation.
Application requirements include:
Complete the application and pay the license fee.
Applicants must also be able to pass a criminal background check.
A $50,000 surety bond is required for licensure. Obtain your bond from SuretyGroup.com
Licenses and surety bonds renew January 1 of each year
The premium that you pay for a Florida Commercial Collection Agency Surety Bond is dependent on credit.
Contact our Surety Bond Specialists, who can provide you with a free, no-obligation quote:
Hours: 8:00-5:00 CST, Monday through Friday