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Collection Agency Renewal Surety Bond - North Carolina bb

Collection Agency Renewal Surety Bond - North Carolina bb 2025

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The document outlines the requirements and conditions for a surety bond necessary for collection agencies operating in North Carolina, specifically focusing on alien renewals. It details the obligations of the Principal and Surety, including liability amounts, renewal procedures, and compliance with North Carolina General Statutes. The bond serves to protect clients and the state from financial losses due to unaccounted funds by the Principal during the permit period.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How much would a $10,000 surety bond cost?

The cost of a surety bond is calculated as a small percentage of the total bond coverage amount typically 0.510%. This means a $10,000 bond policy may cost between $50 and $1,000. For applicants with strong credit, most bond rates are 0.54% of the bond amount.

How to obtain a surety bond in NC?

How to Get a Surety Bond in North Carolina Contact the obligee requiring the bond to determine which one you need. Submit a free online application with SuretyBonds.com. Well instantly review your application and provide a quote. Pay your bond premium and receive your bond immediately.

How much is a surety bond in North Carolina?

What Do North Carolina Surety Bonds Cost? Surety bonds generally cost 1-15% of the required bond amount. Costs vary docHubly depending on the bond amount you need and your rate (which is the percentage of the full bond amount you must pay).

What is North Carolina law on debt collection?

Debt collectors are allowed to contact you: In person, by mail, by telephone and by fax about the bills you owe. At home, between the hours of 8 a.m. and 9 p.m. At work. It is legal for debt collectors to contact you on the job unless they have a telephone number to docHub you during non-working hours.

How difficult is it to get a surety bond?

Is Everyone Eligible for a Surety Bond? No, not everyone is eligible for a surety bond. Being eligible for a surety bond typically depends upon two important things: whether claims have been made against your past bonds and your credit history.

Does NC require a surety bond?

State and federal government agencies require surety bonds for the purpose of reducing public responsibility for the acts of others, and the courts require bonds to secure the various responsibilities of litigants, including the ability to pay damages.

How much does a surety bond cost in NC?

Surety bonds generally cost 1-15% of the required bond amount. Costs vary docHubly depending on the bond amount you need and your rate (which is the percentage of the full bond amount you must pay).

How to get a surety bond in North Carolina?

How to Get a Surety Bond in North Carolina Determine the Surety Bond You Need. Surety bond requirements differ by location, trade, and other factors, including federal, state, and local regulations. Apply for Your Bond Online. Our online application is fast and simple. Get a Bond Premium Quote. Pay the Bond Premium.

Collection Agency Renewal Surety Bond - North Carolina bb 2025

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