NC foreign collection agency bonds.
$100 flat.
North Carolina will not issue a collection agency permit until the applicant files a surety bond in favor of the State with the Commissioner of Insurance under G.S. 58-70-20. The statute sets the amount — $10,000 for an initial permit, and between $10,000 and $30,000 on renewal — so you enter the amount your permit calls for. Ours is $100 flat at every one of those amounts, 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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Three steps. One sitting.
The collection agency permit bond is a straight filing — enter your amount, pay, and send the executed bond in with your application. Here is the whole thing:
Apply online
Business details, your FEIN, the bond amount, 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.
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 go in with the permit application at the Commissioner's office. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
North Carolina licenses collection agencies through the Commissioner of Insurance under Article 70 of Chapter 58. G.S. 58-70-20 makes the bond a condition precedent to the permit: every applicant files a bond in favor of the State of North Carolina, executed by a surety licensed to write surety in the State, of $10,000 for the initial permit and between $10,000 and $30,000 for a renewal permit — the renewal figure derived from the prior year's collections net of commissions.
A foreign collection agency is one organized outside North Carolina but inside the United States. It files the same permit bond a resident agency does, and — because it is a nonresident — a second bond in favor of the Department covering examination expenses. That second bond is a separate filing; this page is the permit bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Permits run on statutory dates, so the bond has to stay continuously on file to keep the permit alive; 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, your FEIN, the bond amount, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other North Carolina bonds.
Finish your collection agency permit today.
$100 flat at any statutory amount, issued the moment you pay, soft pull only. Free until issued.