Colorado collection agency bonds.
From $100.
Colorado licenses collection agencies through the Attorney General's office under the Colorado Fair Debt Collection Practices Act, and C.R.S. 5-16-124 requires a bond of $12,000 to $20,000, sized to the sums you remit to clients. The premium is 0.5% of the bond amount, $100 minimum.
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How much does a Colorado 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.
Collection agency license bonds are a straightforward filing. Here's the entire process:
Apply online
Business details, your bond amount, an effective date, and a term. No credit check up to $200,000. Above that, the carrier may run a soft pull, which never affects your score.
Pay & e-sign
The premium is 0.5% of the bond amount with a $100 minimum, and the bond issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Attorney General
Your executed bond arrives by email, ready to file with your collection agency license application at the Colorado Department of Law. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Colorado regulates debt collectors under the Colorado Fair Debt Collection Practices Act, administered by the Consumer Credit Unit of the Department of Law. C.R.S. 5-16-124 requires a licensed collection agency to maintain a bond payable to the Attorney General of the State of Colorado — a minimum of $12,000, plus $2,000 for each $10,000 (or part) by which the average monthly sums remitted or owed to clients in the previous year exceed $15,000, capped at $20,000.
It's a three-party arrangement: you (the principal), the surety carrier, and the Attorney General (the obligee). The bond stands behind your handling of client money — the sums you collect and must remit — and your compliance with the Act's conduct rules. A lapsed bond puts the license itself at risk.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay continuously on file for as long as you hold the license; we track the term and send renewal notices 60 and 30 days out.
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 Attorney General. Your executed bond arrives by email, ready to file with your collection agency license application at the Colorado Department of Law. 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 Colorado bonds.
The same bond in nearby states.
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Finish your collection agency license today.
0.5% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.