TN collection service license bonds.
$250 flat.
A Tennessee collection agency with ten or more certified employees must file a $25,000 surety bond to hold a Collection Service license — ours is $250 flat, and the price you see is the checkout price. The application collects no credit information, so most applicants approve instantly.
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Three steps. One sitting.
A collection service license bond is one of the simpler filings in surety. Here's the entire process:
Apply online
Agency details, your compliance officer, and an effective date. That's the application — no financials, no credit section.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
File with the Collection Service Board
Your executed bond and power of attorney arrive by email, ready to file with your Tennessee Collection Service license application or renewal through the CORE account system. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Tennessee licenses collection agencies through the Collection Service Board, part of the Department of Commerce and Insurance, under the Tennessee Collection Service Act. Licensure is conditioned on a surety bond sized to the agency's certified employee count — $15,000 for one to four employees, $20,000 for five to nine, and $25,000 for ten or more, the tier this bond covers.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Tennessee (the obligee), with consumers and clients the agency serves as the protected parties. If a licensed agency breaches the Act or a client agreement in a way the law covers, a harmed party can make a claim against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay active for the life of your Collection Service license, so we track it and notify you before your renewal date so the $25,000 filing stays continuous.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — no credit section, because this application doesn't collect credit information.
Start the application →Common questions.
Other Tennessee bonds.
Finish your Collection Service license today.
$250 flat, no credit section, bond often issued in the same sitting. Free until issued.