Any person, partnership, corporation, association, limited liability corporation, or firm engaging in the collection of delinquent accounts, bills, or other forms of indebtedness owed or due to another. Required when: Required as a condition for obtaining and maintaining a collection agency license in Arkansas. Exempt…
Overview
What it is.
Any person, partnership, corporation, association, limited liability corporation, or firm engaging in the collection of delinquent accounts, bills, or other forms of indebtedness owed or due to another. Required when: Required as a condition for obtaining and maintaining a collection agency license in Arkansas. Exempt…
Who usually needs it
Any person, partnership, corporation, association, limited liability corporation, or firm engaging in the collection of delinquent accounts, bills, or other forms of indebtedness owed or due to another.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger 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. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
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.
StateARBond amountThe bond amount is based on the number of collectors employed: $10,000 for 0-5 …Term lengthContinuousObligeeArkansas State Board of Collection AgenciesRenewalThe bond remains in full force and effect until cancelled by the surety. However, the collection agency license must be renewed annually by June 30.Bond classMiscellaneous CommercialCategoryFinancial ServicesBondSurety BondStatutory referenceArkansas Code Annotated § 17-24-306JurisdictionState
