Arkansas collection agency bonds.
From $100.
Arkansas licenses collection agencies through the State Board of Collection Agencies, and A.C.A. § 17-24-306 requires every licensee to post a surety bond payable to the board. The amount is tiered to your number of collectors: $10,000, $20,000 or $25,000. The premium is 0.5% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does an Arkansas collection agency bond cost?
0.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The collection agency bond is one of the simplest financial filings in surety. Here is the entire process:
Apply online
Business details, the bond amount your tier requires, an effective date, and a term. That is the application. No credit check up to $200,000. Above that, the carrier may run a soft pull, which never affects your score.
Pay & e-sign
This bond is checkout-priced at 0.5% of the bond amount ($100 minimum), so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the board
Your executed bond arrives by email, ready to submit with your license application to the State Board of Collection Agencies. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Arkansas requires collection agencies to hold a license from the State Board of Collection Agencies — since 2019 a part of the Department of Labor and Licensing — and the licensing statute makes a surety bond a condition of that license. The board sets the amount by the number of collectors the agency employs: $10,000 for up to five, $20,000 for six to twelve, and $25,000 for thirteen or more.
It's a three-party arrangement: you (the principal), the surety carrier, and the board (the obligee — the bond is made payable to it). The bond stands behind your handling of the money you collect for clients and your compliance with Arkansas collection law; a client or debtor harmed by a violation can be compensated from the bond, and the surety's aggregate liability is capped at the bond amount.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond has to stay on file for as long as you hold the license; we track the term and send renewal notices 60 and 30 days out, and if your headcount moves you into a higher tier, we issue the larger amount.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the board. Your executed bond arrives by email, ready to submit with your license application to the State Board of Collection Agencies. Wet-ink original mailed on request.
What sets the price
The premium is 0.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $200,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — business details, your bond amount, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Arkansas bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Finish your collection agency license today.
0.5% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.