Cascade collection & servicing bonds.
From $100. Enter your amount.
Cascade Receivables Management, LLC is a master servicer — it does not work every account itself, it places them with a nationwide network of billing companies, third-party collection agencies, and collection law firms. Each vendor signs a Collection and Servicing Agreement, and that agreement is what calls for this bond: a surety guarantee running to Cascade as obligee that the money you collect on placed accounts is accounted for and remitted. Premium is priced at 1% of the bond amount, $100 minimum — enter the amount your agreement specifies and your exact price appears at the application.
Trusted by industry leaders
Apply to filed in one sitting.
A vendor bond like this one is ordinary commercial surety — no committee, no financial package at a routine amount. Here is the whole thing:
Apply online
Your entity type and FEIN (or your name and SSN if you apply as an individual), owner details, the bond amount your agreement specifies, the date of your Collection and Servicing Agreement, an effective date, and a 1-, 2-, or 3-year term. The form closes with a credit consent that authorizes a soft inquiry only.
Issued the moment you pay
Vendor bonds at routine amounts approve on the spot, and the executed bond generates as soon as payment clears. The consent authorizes a soft credit pull only — a soft inquiry that never affects your score. A large penal sum can draw a short review before the bond releases.
Send it to Cascade
Your executed bond and power of attorney arrive by email, ready to send to Cascade Receivables Management so your placements can start or continue uninterrupted. Wet-ink originals mailed on request.
What it is and who needs it.
What the collection and servicing bond actually guarantees
Cascade Receivables Management, LLC — part of the Cascade365 family of companies — is a master servicer for healthcare and consumer-finance receivables. It manages illiquid and non-performing accounts on behalf of the institutions that hold them, and it works those accounts through a nationwide network of billing companies, third-party collection agencies, and collection law firms rather than a single in-house shop. Cascade describes its own posture as qualifying and monitoring every servicing relationship, and it administers a proprietary vendor portal that tracks licensing, consumer complaints, litigation, document management, and transaction reporting. The Collection and Servicing Agreement is the contract that admits a vendor to that network — and this bond is one of its conditions.
The bond is the money-handling half of that oversight. When accounts are placed with you, consumer payments land in your hands first, so the bond runs to Cascade Receivables Management, LLC as the obligee and guarantees faithful performance of the agreement: that collections are held as the agreement requires, accounted for accurately, and remitted on schedule. Surety underwriters call that shape a remittance bond, and it is the primary provision of nearly every collection-agency bond form written. It is the usual three-party arrangement — you (the principal), the surety carrier, and Cascade — and it is not insurance for you: if the surety pays a claim, you repay the surety.
Two practical consequences follow. First, no statute sets this bond. It is a private contractual requirement, so Cascade — not a legislature — fixes the penal sum, the effective date, and the cancellation notice, and the figure moves with your placement volume and the receivable class you service. Second, it does not replace your state collection agency license bond: those run to state regulators under state law and are a separate filing entirely. Vendors in a master servicer’s network generally carry both, and a third-party creditor oversight program is exactly where the two get checked side by side.
You need this bond if you are
One application, issued the moment you pay.
These are the actual issuing fields — entity type and FEIN (or your name and SSN if you apply as an individual), owner details, the bond amount your agreement specifies, and the date of your Collection and Servicing Agreement. The form closes with a consent that authorizes a soft credit inquiry only.
Start the application →Common questions.
Other Federal bonds.
Get bonded, keep the placements coming.
From $100, priced at 1% of the bond amount. Enter the amount your agreement specifies and send the executed bond to Cascade the same day. Free until issued.