Any person engaged in the business of debt collection in California, including third-party collectors and debt buyers. Required when: Applying for a license to engage in the business of debt collection. Exemptions: Depository institutions (banks, credit unions), licensees under the California Financing Law, California…
Overview
What it is.
Any person engaged in the business of debt collection in California, including third-party collectors and debt buyers. Required when: Applying for a license to engage in the business of debt collection. Exemptions: Depository institutions (banks, credit unions), licensees under the California Financing Law, California…
Who usually needs it
Any person engaged in the business of debt collection in California, including third-party collectors and 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.
StateCABond amount$25,000Term lengthContinuousObligeeCalifornia Department of Financial Protection and InnovationRenewalThe bond is continuous and remains in effect until cancelled by the surety or released by the Commissioner. Licensees must maintain the bond as a condition of licensure and file annual reports through the NMLS.Bond classLicense BondCategoryFinancial ServicesBondDebt Collection Licensing Act Licensee BondStatutory referenceCalifornia Financial Code Section 100019JurisdictionState
