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License Bond

Surety Bond - Collection Agency License

Any person, firm, corporation, or association conducting or operating a collection agency or doing a collection agency business in Nebraska. Required when: Required as a condition for the issuance or renewal of a collection agency license. Exemptions: Regular employees of a licensed collection agency are not required …

Overview

What it is.

Any person, firm, corporation, or association conducting or operating a collection agency or doing a collection agency business in Nebraska. Required when: Required as a condition for the issuance or renewal of a collection agency license. Exemptions: Regular employees of a licensed collection agency are not required …

Who usually needs it

Any person, firm, corporation, or association conducting or operating a collection agency or doing a collection agency business in Nebraska.

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.

  1. Tell us the bond name, state, and amount on your form.
  2. Share business and applicant info so the team can quote it.
  3. Sign and pay; we issue the bond and send you the documents.
  4. 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.

Details

Bond details.

StateNE
Bond amountThe bond amount is determined by the number of solicitors employed by the agenc…
Term lengthAnnual
ObligeeNebraska Secretary of State, Collection Agency Licensing Board
RenewalThe license and bond must be renewed by December 1 of each year. Evidence of the bond or a continuation certificate must be submitted through the Nationwide Multistate Licensing System (NMLS).
Bond classLicense Bond
CategoryFinancial Services
BondSurety Bond - Collection Agency License
Statutory referenceNeb. Rev. Stat. § 45-608
JurisdictionState
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Next step

Ready to move forward?

Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.