Springfield repossession bonds.
$100 flat.
The City of Springfield requires a $5,000 bond before it issues an automobile repossession agent license through its Business Licensing office. Ours is $100 — the price our carrier sets for this exact bond, issued instantly. One soft credit pull, never a hard inquiry, and it never affects your score.
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How much does a Springfield repossession bond cost?
$100 at the $5,000 amount, the same for every applicant.
Three steps. One sitting.
Springfield's repossession license is waiting on this bond. Here's the entire process:
Apply once, online
Business details, owner information, effective date. That is the application — the only extra step is a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
File with Springfield Business Licensing
Your executed bond and power of attorney arrive by email, ready to file with the City of Springfield Business Licensing office alongside your repossession license application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
The City of Springfield licenses automobile repossession agents and conditions that license on a $5,000 surety bond. Repossession is a regulated activity for good reason — an agent takes back a vehicle, often without the owner's cooperation — so the city wants a financial backstop that the agent will follow the law.
It's a three-party arrangement: you (the principal), the surety carrier standing behind you, and the City of Springfield (the obligee), with the public protected. If a repossession agent damages property, breaches the peace, or otherwise violates the city's repossession rules, a harmed party can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Agents who repossess cleanly and keep good records treat the bond as a license formality, and it must stay active for the life of the license.
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 $5,000 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; a longer term is the same price per year, chosen at checkout.
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 Springfield Business Licensing. Your executed bond and power of attorney arrive by email, ready to file with the City of Springfield Business Licensing office alongside your repossession license application. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $5,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Missouri bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Springfield is waiting on one document.
$100 flat, short application, bond issued when you pay. Free until issued.