Any third-party debt collector or credit bureau engaging in debt collection in Texas. Required when: Engaging in debt collection or credit bureau activities within the state. Exemptions: Attorneys are exempt unless they have non-attorney employees who regularly solicit debts or contact debtors for collection. Certain …
Overview
What it is.
Any third-party debt collector or credit bureau engaging in debt collection in Texas. Required when: Engaging in debt collection or credit bureau activities within the state. Exemptions: Attorneys are exempt unless they have non-attorney employees who regularly solicit debts or contact debtors for collection. Certain …
Who usually needs it
Any third-party debt collector or credit bureau engaging in debt collection in Texas.
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.
StateTXBond amount$10,000Term lengthContinuousObligeeTexas Secretary of State, Registrations UnitRenewalThe bond remains in effect continuously until cancelled. The principal must pay annual premiums to the surety company to maintain the bond. Cancellation requires a 60-day written notice to the Secretary of State by the …Bond classLicense BondCategoryFinancial ServicesBondThird Party Debt Collector Surety BondStatutory referenceTexas Finance Code § 392.101JurisdictionState
