Florida commercial collection agency bonds.
$250 flat.

Florida requires a commercial collection agency to register annually with the Office of Financial Regulation and to furnish evidence of a current $50,000 surety bond, valid for the year of registration (Fla. Stat. § 559.545). Ours is $250 flat.

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Required to register as a commercial collection agency under Fla. Stat. §§ 559.544–559.545

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Fixed price, fixed amount — $50,000 bond, $250 flat, no quote process

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Multi-year terms available — set it up once for up to 3 years

A-ratedA.M. Best carriersInstantissuance at checkout$250 flatsame price at checkout

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How it works

Three steps. One sitting.

Collection agency registration bonds are among the simplest filings in surety. Here's the entire process:

NOW · ONLINE

Apply online

Business details, an effective date, and a term. That is the entire application — no financials, and any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

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

SAME DAY

File with the OFR

Your executed bond arrives by email, ready to submit as evidence with your Office of Financial Regulation registration. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Florida's Commercial Collection Practices law (Part V of Chapter 559) prohibits engaging in business as a commercial collection agency — collecting commercial claims owed by businesses — without first registering with the Office of Financial Regulation and keeping that registration current. The registration procedure in § 559.545 requires the registrant to furnish evidence of a current $50,000 surety bond, valid for the year of registration, alongside the registration fee.

It's a three-party arrangement: you (the principal), the surety carrier, and the obligee. The bond is issued for the use and benefit of any credit grantor who suffers or sustains loss or damage from a violation of the Commercial Collection Practices part by the registrant — the money you collect on commercial claims has to reach the creditor it belongs to.

It is not insurance for you — if the surety pays a claim, you repay the surety. Registration is annual, renewed between October 1 and December 31 each year, and the bond must stay valid for the year of registration; we track the term and send renewal notices 60 and 30 days out.

Fla. Stat. § 559.545Section 559.545 of the Florida Statutes sets the registration procedure for commercial collection agencies under the Commercial Collection Practices part (Part V of Chapter 559). It requires each registrant to pay the registration fee and furnish to the Office of Financial Regulation evidence of a current surety bond in the amount of $50,000, valid for the year of registration, issued for the use and benefit of any credit grantor who suffers loss or damage by reason of a violation of the part. Section 559.544 makes registration mandatory before engaging in business.

You need this bond if you're

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Registering as a commercial collection agency — new registrants filing with the OFR

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Renewing your registration — renewals run October 1 through December 31 each year

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Collecting commercial claims owed by Florida businesses on behalf of credit grantors

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Reinstating a registration that lapsed with an expired bond

One application, issued instantly.

These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.

Start the application →

FAQ

Common questions.

How much is the Florida commercial collection agency bond?The premium is $250 flat — set by our carrier's rate book for this bond, the same for every agency. The $50,000 bond amount is set by Fla. Stat. § 559.545, so there is no quote process, and the price you see is the checkout price.

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.

How fast will I have the bond?This bond is checkout-priced, so it issues the moment you pay — your e-signed bond and power of attorney arrive by email, ready to submit with your OFR registration. Any credit screen is a soft pull only, never a hard inquiry.

Is this the same as the consumer collection agency registration?No. Florida regulates consumer collection agencies under a separate part of Chapter 559. This bond belongs to the commercial side — agencies collecting claims owed by businesses — where § 559.545 requires the $50,000 bond with the annual OFR registration.

Who requires the bond, and when does it renew?The Florida Office of Financial Regulation. Registration is annual — renewals are made between October 1 and December 31 — and the bond must stay valid for the year of registration, so it renews alongside it.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

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Finish your collection agency registration today.

$250 flat, issued the moment you pay, soft pull only. Free until issued.

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Your price$250

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