ID collection agency bonds.
0.5% of the bond amount, $100 minimum.
Idaho licenses collection agencies through the Department of Finance — the license is managed in NMLS, and Idaho Code § 26-2232 requires a $15,000 surety bond on file before a license issues, stepping up with your collection volume at renewal to a maximum of $100,000. The premium is 0.5% of the bond amount, $100 minimum — your exact price appears at the application, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
No quote round-trip on this bond — enter your amount, pay, and file. Here is the entire process:
Apply online
Business details, your bond amount, 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.
Pay & e-sign
The premium is 0.5% of the bond amount you entered, $100 minimum — priced at checkout, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.
File with the Department of Finance
Your executed bond arrives by email, ready to file with your Idaho collection agency license in NMLS. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Idaho regulates collection agencies — including debt collectors, debt buyers, and credit and debt counselors — through the Department of Finance under the Idaho Collection Agency Act, with licensing managed in NMLS. Before a license issues, Idaho Code § 26-2232 requires a surety bond filed in the Department of Finance, executed to the State of Idaho.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Idaho (the obligee) — with the creditors you collect for and the debtors you collect from as the protected parties, who may pursue claims directly against the bond. A new licensee files $15,000; at renewal the amount is $15,000 or twice your average monthly net collections for the preceding year (rounded up to the next $1,000), whichever is greater, capped at $100,000.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must run continuously for the license period; the surety can only cancel on 30 days' notice to you and the director, so we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business details, your bond amount, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Idaho bonds.
Finish your NMLS license filing today.
0.5% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.