RI debt collector bonds.
$250 flat.
Rhode Island requires a debt collector to register with the Department of Business Regulation before collecting in the state, and R.I. Gen. Laws § 19-14-6 conditions that registration on a $50,000 surety bond running to the state for the use of the state and of anyone with a cause of action against the registrant. Ours is $250 flat — the price you see is the checkout price — and the bond issues the moment you pay. Any credit screen is a soft credit pull only — never a hard inquiry.
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Three steps. One sitting.
Debt collector registration bonds are among the simplest filings in surety. Here is the entire process:
Apply online
Business details, the owner, 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.
Pay & e-sign
This bond is checkout-priced at $250 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Your executed bond arrives by email, ready to attach to your debt collector registration record for the Division of Banking. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Rhode Island regulates collection activity under the Rhode Island Fair Debt Collection Practices Act (chapter 19-14.9): no person may engage in the business of a debt collector, or solicit the right to collect payment for another, without first registering with the director of the Department of Business Regulation. Section 19-14-6 sets the bond at fifty thousand dollars ($50,000).
The bond runs to the state for the use of the state and of any person who may have cause of action against the obligor — consumers harmed by an unlawful collection practice, and the state enforcing the Act. You are the principal, the carrier is the surety, and Rhode Island is the obligee.
It is not insurance for you — if the surety pays a claim, you repay the surety. The surety may be released only after giving the director advance notice of cancellation, so the bond has to stay continuously on file. 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, the owner, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Rhode Island bonds.
Finish your debt collector registration today.
$250 flat, issued the moment you pay, soft pull only. Free until issued.