OR collection agency bonds.
From $100. Enter your amount.

Oregon registers collection agencies through the Department of Consumer and Business Services, and ORS 697.031 makes a $10,000 bond or irrevocable letter of credit part of the registration itself. The premium is 0.5% of the bond amount, $100 minimum — your exact price shows on this page before you pay, 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 to register an Oregon collection agency under ORS 697.031

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$10,000 in state, $15,000 out of state — the Division of Financial Regulation sets which applies

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0.5% of the bond amount, $100 minimum — exact price before you pay, issued instantly

0.5% rate$100 minimumExactprice before you payInstantissuance at checkout

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How it works

Three steps. One sitting.

Collection agency registration bonds are among the simplest filings in surety. Here is the entire process:

NOW · ONLINE

Apply online

Business details, the bond amount the state requires, 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.

INSTANTLY

Pay & e-sign

Your exact premium is on the page before you pay, so the bond issues the moment you pay — the executed bond and power of attorney generate on the spot.

SAME DAY

File through NMLS

Your executed bond arrives by email, ready to upload as the electronic surety bond on your Oregon collection agency registration. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Oregon regulates collection agencies under ORS chapter 697, administered by the Division of Financial Regulation at the Department of Consumer and Business Services. ORS 697.031 requires an applicant for registration to file a $10,000 bond — or an irrevocable letter of credit in the same sum — executed by the applicant as obligor, and registration does not issue without it.

The instrument runs to the State of Oregon, for the use of the state and of any person who may have a cause of action against the agency under the collection agency statutes. It conditions the applicant to comply with chapter 697 and the rules under it, and to pay all money owed to the state or to injured parties because of a violation. The Division sets a $15,000 amount for an out-of-state agency with no Oregon location or trust account.

It is not insurance for you — if the surety pays a claim, you repay the surety. The bond has to stay continuously on file at the required amount for as long as the registration is active, and the surety's liability never exceeds the face amount no matter how many years it runs. We track the term and send renewal notices 60 and 30 days out.

ORS 697.031ORS 697.031 sets the registration procedure for Oregon collection agencies and requires an applicant, other than an out-of-state collection agency exempted by the section, to file a bond or an irrevocable letter of credit in the sum of $10,000 executed by the applicant as obligor. The instrument is executed to the State of Oregon and for the use of the state and of any person who may have a cause of action against the agency, conditioned on compliance with the collection agency statutes and payment of all money owed because of a violation. It must be issued by a corporate surety or insured institution authorized to do business in Oregon and maintained continuously at the required amount.

You need this bond if you're

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Registering an Oregon collection agency — new applicants filing through NMLS

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Renewing a registration — the bond has to stay continuously on file at the required amount

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An out-of-state agency collecting Oregon debts — a $15,000 amount applies with no Oregon office or trust account

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Reinstating a registration that lapsed when the bond or letter of credit was cancelled

One application, issued instantly.

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

Start the application →

FAQ

Common questions.

How much is the Oregon collection agency bond?The premium runs 0.5% of the bond amount, with a $100 minimum. The $10,000 registration bond therefore prices at the minimum. Your exact number appears on this page before you pay, and it is the checkout price.

Do I pay the $10,000?No. The $10,000 is the maximum the surety can be called on to pay if a valid claim is made against the bond — it is not a deposit, and nobody holds your money.

How fast will I have the bond?The exact price is shown before payment, so the bond issues the moment you pay — your e-signed bond and power of attorney arrive by email, ready to upload as the electronic surety bond in NMLS.

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 0.5% of the bond amount either way.

Can I file a letter of credit instead?ORS 697.031 accepts an irrevocable letter of credit in the same sum, issued by an insured institution authorized to do business in Oregon. Most agencies file the surety bond because it costs a fraction of tying up $10,000 of bank credit.

Related bonds

Other Oregon bonds.

Finish your collection agency registration today.

0.5% 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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