A Commercial Collection Agency or debt collector in Florida is 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.
A collection agency must apply for a license through the Florida Office of Financial Regulation (FLOFR).
Complete the application and pay the license fee.
Applicants must also be able to pass a criminal background check.
Obtain a $50,000 surety bond.
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. Our rates start at $375 with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific situation.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application