California Debt Collector Bond
California licenses debt collectors, and the license requires a $25,000 surety bond filed with the DFPI. We place them for new and renewing licensees.
- Bond amount
- $25,000
- Authority
- California DFPI
- Statute
- Debt Collection Licensing Act
The premium is a percentage of the bond amount, set by underwriting. The figures above are the bond amounts, not what you pay.
What it is
Under California's Debt Collection Licensing Act, debt collectors must be licensed by the Department of Financial Protection and Innovation and file a $25,000 surety bond protecting consumers.
Who needs it
- Debt collectors and collection agencies licensing with the DFPI
- Licensees renewing under the Debt Collection Licensing Act
Bond amounts and requirements are general guidance and can change. Confirm the current requirement with the listed agency before you file. We will quote your exact bond.
Tough credit or a prior claim? It's welcome here. See how we place hard-to-place surety bonds, or get a quote and we'll place your exact bond.
Debt Collector Bond FAQs
Is this the same as an old collection agency bond?
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