NC foreign agency expense bonds.
$100 flat.

A nonresident collection agency files a second bond in North Carolina: a $10,000 bond in favor of the Department of Insurance under G.S. 58-70-20(c), covering what it costs the Department to visit and examine an out-of-state agency in a federal bankruptcy or State receivership proceeding. 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 — it never affects your score.

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Required of nonresident collection agencies under G.S. 58-70-20(c)

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Fixed price, fixed amount — $10,000 bond, $100 flat, no quote process

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

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How it works

Three steps. One sitting.

The nonresident expense bond is one of the simplest filings in surety — the statute already picked the amount. Here is the entire process:

NOW · ONLINE

Apply online

Business details, your FEIN, an effective date, and a term. That is the entire application — no financials, and any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

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.

SAME DAY

File with the Department of Insurance

Your executed bond arrives by email, ready to go in alongside your permit bond at the Commissioner of Insurance. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

North Carolina permits collection agencies through the Commissioner of Insurance under Article 70 of Chapter 58. Beyond the permit bond in favor of the State, G.S. 58-70-20(c) requires a nonresident applicant to file a separate $10,000 bond in favor of the Department. Its stated purpose is reimbursing the Department for expenses incurred in visiting and examining a nonresident collection agency in connection with a federal bankruptcy or State receivership proceeding in which the agency is the subject.

A foreign agency is one organized in another state but within the United States, and it posts this bond at the statutory $10,000. An alien agency — organized outside the United States — posts double, because G.S. 58-70-5(a)(5) doubles the bond requirements set by 58-70-20 for alien corporations.

It is not insurance for you — if the Department recovers against the bond, you repay the surety. The bond runs on statutory permit dates and has to stay on file for as long as the permit does; we track the term and send renewal notices 60 and 30 days out.

N.C. Gen. Stat. § 58-70-20(c)Subsection (c) of Section 58-70-20 requires a nonresident applicant for a collection agency permit to file, in addition to the permit bond, a $10,000 bond in favor of the Department. The bond expressly provides that it is for the purpose of reimbursing the Department for expenses incurred in visiting and examining a nonresident collection agency in connection with a federal bankruptcy or State receivership proceeding in which the collection agency is the subject of the proceeding.

You need this bond if you're

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A foreign collection agency — organized outside NC but inside the United States

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Applying for an NC permit from an office located in another state

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Renewing a nonresident permit that already carries this bond

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A debt buyer headquartered out of state and collecting from NC residents

One application, issued instantly.

These are the actual issuing fields — business details, your FEIN, an effective date, and a term. That is the entire application.

Start the application →

FAQ

Common questions.

How much is the North Carolina foreign agency expense bond?The premium is $100 flat — set by our carrier's rate book for this bond, the same for every nonresident agency. The $10,000 bond amount is set by G.S. 58-70-20(c), so there is no quote process, and the price you see is the checkout price.

Do I pay the $10,000?No. You pay $100. The $10,000 is the surety's maximum liability if the Department makes a valid claim against the bond — not a deposit, and nobody holds your money.

Is this the same as the permit bond?No. The permit bond under G.S. 58-70-20(a) runs in favor of the State and is a condition of the permit itself. This one runs in favor of the Department and covers examination expenses for a nonresident agency. Foreign agencies file both.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score. The price stays $100 flat either way.

Who requires the bond, and where do I file it?The North Carolina Department of Insurance, which administers collection agency permits under Article 70 of Chapter 58. File it with your permit application or permit renewal.

Related bonds

Other North Carolina bonds.

File both NC agency bonds today.

$100 flat, issued the moment you pay, soft pull only. Free until issued.

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Your price$100

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