Any person or business entity applying for registration to operate as a collection agency in Oregon, including those who collect third-party debts or repossess collateral. Required when: Application for a collection agency registration. Exemptions: Exemptions from the definition of 'collection agency' include banks, t…
Overview
What it is.
Any person or business entity applying for registration to operate as a collection agency in Oregon, including those who collect third-party debts or repossess collateral. Required when: Application for a collection agency registration. Exemptions: Exemptions from the definition of 'collection agency' include banks, t…
Who usually needs it
Any person or business entity applying for registration to operate as a collection agency in Oregon, including those who collect third-party debts or repossess collateral.
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.
StateORBond amount$10,000Term lengthContinuousObligeeOregon Department of Consumer and Business Services, Division of Financial RegulationRenewalThe bond remains continuous until canceled. However, the collection agency registration itself must be renewed annually through the NMLS by December 31st.Bond classLicense BondCategoryFinancial ServicesBondCollection Agency BondStatutory referenceORS 697.031JurisdictionState
