Oregon collection agency bonds.
From $100.
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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.
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How much does an Oregon collection agency bond cost?
0.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Collection agency registration bonds are among the simplest filings in surety. Here is the entire process:
Apply online
Business details, the bond amount the state requires, an effective date, and a term. That is the application. No credit check up to $200,000. Above that, the carrier may run a soft pull, which never affects your score.
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.
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.
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.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The bond runs to September 17 whatever day you buy; the premium covers the period to that date.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
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.
What sets the price
The premium is 0.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $200,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — business details, the bond amount, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Oregon bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Finish your collection agency registration today.
0.5% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.