Any person or entity engaging in the business of a collection agency in Nevada, including those collecting claims on behalf of others or soliciting the right to collect such claims. Required when: Required concurrently with the application for a collection agency license. Exemptions: Exempt entities include banks, tru…
Overview
What it is.
Any person or entity engaging in the business of a collection agency in Nevada, including those collecting claims on behalf of others or soliciting the right to collect such claims. Required when: Required concurrently with the application for a collection agency license. Exemptions: Exempt entities include banks, tru…
Who usually needs it
Any person or entity engaging in the business of a collection agency in Nevada, including those collecting claims on behalf of others or soliciting the right to collect such claims.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateNVBond amount$35,000Term lengthContinuousObligeeNevada Department of Business and Industry, Financial Institutions DivisionRenewalThe bond must be maintained in full force as long as the license is active. The Commissioner reviews the average monthly trust account balance annually to determine if an adjustment to the bond amount is required. Licen…Bond classLicense BondCategoryFinancial ServicesBondCollection Agency BondStatutory referenceNRS 649.105JurisdictionState
