Compliance stack
License, surety bond, and insurance for collection agencies, debt buyers, and accounts receivable operators.
Collection agencies, debt buyers, and accounts receivable operators carry three layers of compliance at once: the state collection agency license that lets them collect, the surety bond a regulator requires to hold that license, and the insurance program that covers the operation. Here is how the three fit together.
Requirements vary by state and activity. The license and bond pieces apply where your activity and jurisdiction require them.
What this industry carries
Collection agency surety bonds posted to satisfy a state collection license condition.
Debt collector surety bonds guarantee that a licensed commercial collection agency will follow state collection law and remit collected funds to clients.
Explore debt collector bondsDebt settlement and debt management bonds where a state conditions the license on a posted bond.
A debt settlement bond is the surety bond states require of debt settlement and debt management companies. It guarantees the company will follow state debt adjusting law and handle consumer money honestly, and it returns prepaid fees to consumers if the company fails to perform.
Explore debt settlement bondsThird-party collection agency licensing in every state that conditions collecting for others on a license.
Visit Cornerstone LicensingDebt settlement and debt management company licensing where a state conditions the license on registration.
Visit Cornerstone LicensingProfessional liability (E and O), cyber, and crime coverage tuned to the consumer financial data and client funds a collection operator handles.
A coverage stack built for licensed lenders, mortgage originators, MSBs, and the firms supporting them.
Visit Covered by CornerstoneFinancial Services and Lenders
License, bond, and insurance for lenders, mortgage originators, and money services businesses.
Construction and Contracting
Contract surety bonds and the insurance program contractors carry on public and private work.
Attorneys and Law Firms
Professional liability, court and fidelity bonds, and licensing for law firms whose practice requires it.
Tell us about your operation and we will map the license, bond, and coverage you need, then route each piece to the right team.
