NYC collection agency bonds.
$275. Five minutes.
New York City requires a debt collection agency to file a $5,000 bond with the Department of Consumer and Worker Protection as a condition of its license. Three percent of $5,000 is $150, so this bond prices at our $275 minimum. Five-minute application, no credit check.
Trusted by industry leaders
Three steps. One sitting.
License bonds are the simplest thing in surety. Here's the whole process:
Apply online
Business details and an effective date. That's the application — no financials, no credit check section.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
File with DCWP
Your executed bond arrives by email, ready to file with your NYC collection agency license application. Wet-ink original mailed on request.
The whole pricing page.
$5,000 bond × 3% = $150, which lands at our $275 minimum. Fixed amount, fixed price, multi-year if you want it.
What it is and who needs it.
What the bond actually guarantees
New York City licenses debt collection agencies through the Department of Consumer and Worker Protection (DCWP), and conditions the license on a $5,000 surety bond. The bond is a consumer-protection guarantee: it stands behind your honest handling of money collected on behalf of creditors and your compliance with the City's debt collection rules.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of New York (the obligee), with consumers and creditors as protected parties. If an agency misapplies collected funds or violates the debt collection law, the harmed party can recover against the bond.
It is not insurance for you. If the surety pays a claim, you repay the surety. Agencies that remit funds properly and follow the rules treat the bond as a license formality.
You need this bond if you're
Five minutes. The whole thing.
These are the actual issuing fields — no credit check section, because this bond doesn't have one.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
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Other New York bonds.
Finish your NYC collection agency license today.
$275 flat, five-minute application, bond often issued in the same sitting. Free until issued.