This bond is required for businesses that collect debts owed by consumers in North Dakota. If you operate a collection agency that contacts people to collect unpaid bills or debts, you must have this $20,000 bond. It protects consumers from unethical practices like harassment, threats, or violations of collection laws…
Overview
What it is.
This bond is required for businesses that collect debts owed by consumers in North Dakota. If you operate a collection agency that contacts people to collect unpaid bills or debts, you must have this $20,000 bond. It protects consumers from unethical practices like harassment, threats, or violations of collection laws…
Who usually needs it
Collection agencies operating in North Dakota that engage in third-party debt collection, active debt buying, and judgment recovery must obtain this $50,000 surety bond. The bond is required for any person or entity that collects debts when the debtor resides in North Dakota, and must be maintained before receiving their business license or registration thr…
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.
StateNDBond amount$20,000ObligeeState of North DakotaBond classLicense BondCategoryFinancial ServicesBondNorth Dakota Collection Agency BondJurisdictionStatePlain descriptionThis bond is required for businesses that collect debts owed by consumers in North Dakota. If you operate a collection agency that contacts people to collect unpaid bills or debts, you must have this $20,000 bond. It pr…Who needs this bondCollection agencies operating in North Dakota that engage in third-party debt collection, active debt buying, and judgment recovery must obtain this $50,000 surety bond. The bond is required for any person or entity tha…
