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Minnesota Debt Collector bond

Minnesota Debt Collector

Minnesota requires a $20,000 debt collector bond.

Minnesota Debt Collector bond, answered

How much is a debt collector bond in Minnesota?
Minnesota requires a $20,000 debt collector bond.
Who needs a Minnesota debt collector bond?
Licensed collection agencies in every state that conditions the agency license on a posted surety bond.
Who regulates debt collector bonds in Minnesota?
Minnesota Department of Commerce oversees debt collection requirements in Minnesota, including the bond filing.
How do renewals work?
Renews annually alongside the underlying license.
How do I get bonded?
Send state and license details Receive a per-state quote within one business day Bond signed and filed with the regulator

What you will need

  • State of license and license number
  • Two years of business financials
  • Owner credit authorization

How to get bonded

  1. Send state and license details
  2. Receive a per-state quote within one business day
  3. Bond signed and filed with the regulator

Regulator: Minnesota Department of Commerce

Quote your Minnesota Debt Collector bond

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