Colorado Collection Agency Bond

Colorado requires a collection agency bond to collect debts. The size is based on your business. It is filed with the Colorado Attorney General's office. You can set it up online.

Bond Amount
$12,000–$20,000
Typical Premium
$120–$1,000/yr
Term
1 Year
Required By
Colorado Dept. of Law (Attorney General)
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What Is the Colorado Collection Agency Bond?

A Colorado collection agency bond is a money guarantee. It protects consumers and the creditors you work for, not you. If you break collection rules or fail to hand over money you collected, they can claim against it. The surety pays, then you repay the surety.

The bond starts at $12,000. It can rise to $20,000 based on your monthly volume.

Who Needs This Bond in Colorado?

How to Get Bonded — Step by Step

  1. Start your license application.
  2. Buy your collection agency bond here. We match you with a strong surety.
  3. Send the bond to the Colorado Attorney General's office.
  4. Get your license and start collecting.

Renewal & Continuous Bond Coverage

Plan to renew your Colorado collection license every year. Keep the bond current. A lapse can cost you your license.

Frequently Asked Questions

Does the Colorado bond protect me?

No. The bond protects your customers and the state, not you. If a claim is paid, you repay the surety. It is not insurance for you.

How fast can I get bonded in Colorado?

Most quotes come back fast, often within a day. Many bonds are issued the same day for good credit.

How much does the bond cost?

You pay a yearly premium — a small percent of the bond amount. Good credit means a lower rate.

How a Surety Bond Works

A collection agency bond is a type of surety bond. The picture below shows the three parties and what happens if someone files a claim.

Diagram of how a surety bond works: the obligee requires the bond, the principal applies and signs an indemnity agreement, and the surety issues the bond; if the principal fails, the obligee files a claim, the surety investigates and may pay, and the principal reimburses the surety.

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Related: All Colorado surety bonds · What is a surety bond? · How surety bond costs are calculated

Underwriting Disclosure. All surety bond applications are subject to underwriting review and approval by the issuing surety company. Quoted premiums are estimates only; final pricing is determined by individual underwriting factors, which may include personal and business credit history, financial statements, industry experience, and claims history. Many bonds qualify for instant online approval, while others may require additional documentation, financial review, or indemnitor signatures prior to issuance. SuretyBondly makes no representation, warranty, or guarantee of approval, eligibility, premium amount, bond form, or issuance timing. Bond amounts, forms, and requirements are governed by the applicable obligee and statutory authority and may change without notice. Information provided on this page is for general informational purposes only and does not constitute legal, financial, or tax advice.