NC foreign agency expense bonds.
$100 flat.

The replacement filing for the nonresident examination-expense bond — the $10,000 bond in favor of the North Carolina Department of Insurance that G.S. 58-70-20(c) requires of an out-of-state collection agency, reissued when the bond on record is cancelled, corrected, or moved to a new surety. 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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Replaces the nonresident expense bond required by 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.

A replacement bond is the same instrument on a fresh form, so nothing about the process changes. Here it is end to end:

NOW · ONLINE

Apply online

Business details, your NC license number and FEIN, an effective date, and a term. That is the entire application, 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

Mail it to the Department

This filing is made on paper: the e-signed bond arrives by email and we mail the wet-ink original to the Commissioner of Insurance so it replaces the bond on record.

About this bond

What it is and who needs it.

What a replacement bond does

G.S. 58-70-20(c) requires a nonresident applicant for a North Carolina collection agency permit to file a $10,000 bond in favor of the Department, on top of the permit bond that runs in favor of the State. Its purpose is stated in the bond itself: reimbursing the Department for expenses of visiting and examining a nonresident collection agency in connection with a federal bankruptcy or State receivership proceeding.

Because a permit cannot stand without its bonds on file, an expense bond that is cancelled, mis-issued, or moved to a different surety has to be succeeded by a replacement bond. The amount does not change — it stays the statutory $10,000 for a foreign agency. An alien agency posts $20,000, because G.S. 58-70-5(a)(5) doubles the 58-70-20 requirements for alien corporations.

It is not insurance for you — if the Department recovers against the bond, you repay the surety. This is a mail filing, so we send the wet-ink original along with the e-signed copy and track the statutory renewal date for you.

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 expressly providing 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. The permit depends on the bond staying on file, so a cancelled or corrected bond must be replaced.

You need this bond if you're

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Changing sureties on a foreign agency expense bond already on record

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Replacing a cancelled bond before the Commissioner acts against the permit

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Correcting a filed bond — wrong entity name, wrong effective date, wrong form

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A nonresident debt buyer keeping an NC collection permit in good standing

One application, issued instantly.

These are the actual issuing fields — business details, your NC license number and FEIN, an effective date, and a term.

Start the application →

FAQ

Common questions.

How much is the replacement foreign agency expense bond?The premium is $100 flat — set by our carrier's rate book for this bond, and a replacement costs the same as an original. The $10,000 amount is set by G.S. 58-70-20(c), so there is no quote process.

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 — not a deposit, and nobody holds your money.

How does the replacement reach the Department?On paper. The bond issues the moment you pay and the e-signed copy arrives by email; we mail the wet-ink original to the Department of Insurance so it replaces the bond currently on record.

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.

Do I need to replace the permit bond too?Only if that one is also being cancelled or corrected. The permit bond under G.S. 58-70-20(a) is a separate instrument with its own replacement filing, which we also issue.

Related bonds

Other North Carolina bonds.

Get the replacement bond on file.

$100 flat, issued the moment you pay, wet-ink original mailed. Free until issued.

Start application

Your price$100

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