NC foreign agency permit bonds.
1% of the bond amount.

The replacement collection agency permit bond a foreign (out-of-state) agency files with the North Carolina Commissioner of Insurance under G.S. 58-70-20 — the filing you make when an existing bond is being swapped out mid-permit rather than posted with a first application. The statute sets the amount; the premium is 1% of the bond amount, $100 minimum, your exact price appears at the application, 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 an existing collection agency permit bond under G.S. 58-70-20(a)

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Amount set by statute — $10,000 initial, $10,000 to $30,000 on renewal

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1% of the bond amount, $100 minimum — exact price at the application

1% rate$100 minimumInstantissuance at checkoutExactprice at the application

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How it works

Three steps. One sitting.

A replacement bond is the same filing as the original, on a fresh form. Enter the amount, pay, and mail it in. Here is the whole thing:

NOW · ONLINE

Apply online

Business details, your NC license number and FEIN, the bond amount, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

Pricing is amount-based, not underwriting-based — 1% of the bond amount, $100 minimum — so the bond issues the moment you pay, with the power of attorney attached.

SAME DAY

Mail it to the Department

This filing is made on paper: your executed bond arrives by email and we mail the wet-ink original to the Commissioner of Insurance so the replacement lands on file.

About this bond

What it is and who needs it.

What a replacement bond does

North Carolina makes the surety bond a condition precedent to a collection agency permit under G.S. 58-70-20. The bond runs in favor of the State of North Carolina and has to stay continuously on file — so when an agency changes sureties, corrects a bond, or has one cancelled mid-permit, a replacement bond goes to the Commissioner of Insurance to close the gap.

The amount does not change because it is a replacement: $10,000 for an initial permit, and between $10,000 and $30,000 on a renewal permit, computed from the prior year's collections less commissions. A foreign agency — organized outside North Carolina but inside the United States — files this bond plus the separate nonresident examination-expense bond under subsection (c).

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

N.C. Gen. Stat. § 58-70-20(a)Section 58-70-20 makes a surety bond a condition precedent to the issuance of any collection agency permit: every applicant files with the Commissioner a bond in favor of the State of North Carolina, executed by a surety company licensed to transact surety business in this State. The bond is $10,000 for the initial permit and, for a renewal permit, no less than $10,000 and no more than $30,000. Because the permit cannot stand without a bond on file, a bond that is cancelled or replaced has to be succeeded by a replacement filing.

You need this bond if you're

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Changing sureties mid-permit on a foreign collection agency permit

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Replacing a cancelled bond before the Commissioner suspends the permit

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

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A debt buyer collecting purchased consumer debt from North Carolina residents

One application, issued instantly.

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

Start the application →

FAQ

Common questions.

How much is the North Carolina foreign agency replacement bond?The premium is 1% of the bond amount, $100 minimum. A $10,000 bond prices at the $100 minimum; a $30,000 renewal bond is $300. Your exact price appears at the application, before you pay.

What bond amount do I enter?The same amount the permit already carries — $10,000 for an initial permit, or the renewal figure the Department computed from your prior year of collections less commissions, which cannot exceed $30,000.

How fast will I have the bond?Pricing is amount-based, so the bond issues the moment you pay — the e-signed bond and power of attorney arrive by email, and we mail the wet-ink original the Department needs on file.

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 rate stays 1% of the bond amount either way.

Who requires the bond, and where do I file it?The North Carolina Commissioner of Insurance, under Article 70 of Chapter 58. This is a mail filing — the wet-ink original goes to the Department to replace the bond currently on record.

Related bonds

Other North Carolina bonds.

Get the replacement bond on file.

1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.

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Your premiumfrom $100

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