Colorado Collection Agency Board, Colorado Department of Law - Surety Bond
This bond is required for businesses that collect debts owed by Colorado residents. If you run a collection agency in Colorado, you must obtain this bond before you can legally operate. The bond amount varies depending on your business size. It protects consumers by ensuring your agency follows Colorado's debt collect…
Overview
What it is.
This bond is required for businesses that collect debts owed by Colorado residents. If you run a collection agency in Colorado, you must obtain this bond before you can legally operate. The bond amount varies depending on your business size. It protects consumers by ensuring your agency follows Colorado's debt collect…
Who usually needs it
Licensed collection agencies operating in Colorado that collect debts owed by delinquent clients must obtain this bond as a requirement for licensure under the Colorado Fair Debt Collection Practices Act. This applies to firms or organizations engaged in the business of collecting debts directly or indirectly, excluding debt buyers.
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.
StateCOBond amountVaries by license type or projectObligeeAttorney General of the State of ColoradoBond classLicense BondCategoryOtherBondColorado Collection Agency Board, Colorado Department of Law - Surety BondPlain descriptionThis bond is required for businesses that collect debts owed by Colorado residents. If you run a collection agency in Colorado, you must obtain this bond before you can legally operate. The bond amount varies depending …Who needs this bondLicensed collection agencies operating in Colorado that collect debts owed by delinquent clients must obtain this bond as a requirement for licensure under the Colorado Fair Debt Collection Practices Act. This applies t…
