NC alien collection agency bonds.
$100 flat.
The initial-permit bond an alien collection agency — one whose principal place of business is outside the United States — files with the North Carolina Department of Insurance. G.S. 58-70-20 sets the initial bond at $10,000, and G.S. 58-70-5(a)(5) doubles it to $20,000 for an alien corporation. Ours is $100 flat, the price you see is the checkout price, and the bond issues the moment you pay. Any credit screen is a soft pull only, never a hard inquiry.
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Three steps. One sitting.
The alien initial-permit bond is a fixed statutory amount at a fixed price. Here is the entire process:
Apply online
Business details, an effective date, and a term. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
This bond is checkout-priced at $100 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Department of Insurance
Your executed bond arrives by email, ready to file with your collection agency permit application at the North Carolina Department of Insurance. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
North Carolina permits collection agencies through the Department of Insurance under Article 70 of Chapter 58. G.S. 58-70-20 requires a bond of $10,000 for an initial permit, and the bond must expressly provide that it is for the benefit of any person, firm or corporation for whom the collection agency collects accounts. Under G.S. 58-70-5(a)(5), an alien corporation — one headquartered outside the United States — posts double the amounts set by G.S. 58-70-20, so the initial bond is $20,000.
It is a three-party arrangement: you (the principal), the surety carrier, and the State of North Carolina through the Commissioner of Insurance (the obligee). The bond stands behind the money you collect — it stays in effect until all moneys collected have been accounted for, so it cannot simply be cancelled when a permit lapses.
Permits run on a statutory year: G.S. 58-70-35(b) makes each permit run from July 1 through June 30 of the following year, which is why this bond renews on June 30 dates. It is not insurance for you — if the surety pays a claim, you repay the surety. 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, an effective date, and a term keyed to the June 30 permit year.
Start the application →Common questions.
Other North Carolina bonds.
Alien collection agency bond, issued today.
$100 flat, issued the moment you pay, soft pull only. Free until issued.