Idaho collection agency bonds.
From $100.
Idaho licenses collection agencies through the Department of Finance, 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.
Trusted by industry leaders
How much does an Idaho 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.
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 application. No credit check up to $100,000.
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
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 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 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 $100,000.
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 Idaho bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, .
Finish your NMLS license filing today.
0.5% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.