NYC collection agency bonds.
$100 flat.

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. Ours is $100 flat. The bond issues the moment you pay — no credit review of any kind, not even a soft pull.

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Required for an NYC debt collection agency license — filed with DCWP

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Fixed price, fixed amount — $5,000 bond, $100, no quote process

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

A-ratedA.M. Best carriersInstantunderwriting process1–3 yrterms available

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How it works

Three steps. One sitting.

License bonds are the simplest thing in surety. Here's the whole process:

NOW · ONLINE

Apply online

Business details and an effective date. That's the application — no financials, no credit fields.

MINUTES, USUALLY

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.

SAME DAY

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.

About this bond

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.

NYC DCWP — debt collection agency licenseNew York City requires this $5,000 surety bond as a condition of a debt collection agency license, filed with the Department of Consumer and Worker Protection under the City's licensing law. The bond runs to the City of New York for the protection of consumers and creditors; confirm filing details with DCWP. We frame the requirement conservatively rather than cite a specific Administrative Code section we could not fully verify.

You need this bond if you're

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Applying for an NYC debt collection agency license through DCWP

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Renewing a collection agency license whose current bond is expiring

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A collection agency taking NYC accounts that the City requires you to be licensed for

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A debt buyer collecting in NYC the City licenses as a collection agency

One application, issued instantly.

These are the actual issuing fields — no credit section, because the application collects no credit information.

Start the application →

FAQ

Common questions.

How much is the NYC collection agency bond?The premium is $100 flat, the same for every agency — set directly by our carrier's rate book. The $5,000 bond amount is set by the City, so there is no quote process.

Do I pay the $5,000?No. You pay $100. The $5,000 is the surety's maximum liability if a valid claim is made — not a deposit, and nobody holds your money.

Who requires this bond?The NYC Department of Consumer and Worker Protection (DCWP) requires it as a condition of a debt collection agency license. No active bond, no license.

Is there a credit check?The application collects no credit information — no SSN or credit fields to fill in. Most applications approve instantly; if a check ever runs, it's a soft pull that won't touch your score.

Where do I file it?With the NYC Department of Consumer and Worker Protection, alongside your collection agency license application. We issue the executed bond ready to submit.

Related bonds

Other New York bonds.

Finish your NYC collection agency license today.

$100 flat, no credit review, bond often issued in the same sitting. Free until issued.

Start application

Your price$100

Apply now →