CT consumer collection agency bonds.
$250 at checkout.

Connecticut licenses consumer collection agencies through the Department of Banking, and CGS § 36a-802 conditions the license on a $50,000 surety bond for the main office — filed electronically through NMLS. The premium is 0.5% of the bond amount, $100 minimum — $250 for the $50,000 bond, and the price you see is the checkout price. The bond issues the moment you pay; any credit screen is a soft pull only — it never affects your score.

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Required for a Connecticut consumer collection agency license under CGS § 36a-802

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$50,000 for the main office — each branch office adds its own $50,000 bond

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0.5% of the bond amount, $100 minimum — $250 at checkout, no quote process

A-ratedA.M. Best carriersInstantissuance at checkoutSoft pullnever a hard inquiry

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How it works

Three steps. One sitting.

The bond side of your collection agency license is the easy part. Here's the entire process:

NOW · ONLINE

Apply online

Business details, an effective date, and a term. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

This bond is checkout-priced — $250, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.

SAME DAY

File through NMLS

Connecticut takes this bond as an electronic surety bond through NMLS — we handle the electronic filing to the Department of Banking, and a wet-ink original is mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Connecticut requires anyone acting as a consumer collection agency — collecting consumer, property-tax, or federal-income-tax debts owed to others — to hold a license from the Department of Banking. CGS § 36a-802 conditions the license on a surety bond of $50,000 for the main office and $50,000 for each branch office, running to the people of the State of Connecticut.

It's a three-party arrangement: you (the principal), the surety carrier, and the state (the obligee). Any person damaged by the wrongful conversion of creditor, consumer debtor, property tax debtor, or federal income tax debtor funds received by the agency can recover against the bond — and the Banking Commissioner can also proceed on it for civil penalties and restitution.

It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must run concurrently with the license, so we track the term and send renewal notices 60 and 30 days out to keep your filing continuous.

CGS § 36a-802Connecticut General Statutes § 36a-802 requires a consumer collection agency licensee to post a surety bond of $50,000 for the main office and $50,000 for each branch office, in favor of the people of the state. Anyone damaged by wrongful conversion of creditor or debtor funds may proceed on the bond, and the commissioner may recover civil penalties and restitution against it. Cancellation of the bond automatically suspends the license.

You need this bond if you're

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Applying for a Connecticut collection agency license — the bond files electronically with your NMLS application

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A debt collector or debt buyer collecting consumer debts from Connecticut residents

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Renewing your license and your current bond is expiring or non-renewing

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Adding a branch office — each branch carries its own $50,000 bond

One application, issued instantly.

These are the actual issuing fields — business details, an effective date, and a soft-pull credit consent that never affects your score.

Start the application →

FAQ

Common questions.

How much is the Connecticut consumer collection agency bond?The premium is 0.5% of the bond amount, $100 minimum — $250 for the statutory $50,000 main-office bond, and the price you see is the checkout price. The bond amount is set by CGS § 36a-802, so there is no quote process.

Do I pay the $50,000?No. You pay $250. The $50,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

Is there a credit check?The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.

How does the bond get to the Department of Banking?Connecticut takes this bond as an electronic surety bond through NMLS — the executed bond files electronically against your license record. You also receive your e-signed copy by email, with a wet-ink original mailed on request.

What about branch offices?CGS § 36a-802 requires $50,000 for the main office and $50,000 for each branch office. This page issues the standard $50,000 bond; if you operate branches, each branch license carries its own bond.

Related bonds

Other Connecticut bonds.

Finish your collection agency license today.

$250 for the $50,000 bond, issued the moment you pay, soft pull only. Free until issued.

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Your price$250

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