The Colorado Repossessor Bond is a type of surety bond required by the Attorney General in the State of Colorado. The bond amount required is $50,000 and the cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get a Colorado Repossessor Bond

At we make it easy to obtain this surety bond. Our simple, three step process is:

  1. Complete the easy to navigate and secure online application1
  2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
  3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Colorado Repossessor  Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the Application for Repossessor Bond filed with the state. is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, is the premier online provider of surety bonds nationwide since 2003.

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 While There is no Repossessor License….

Colorado Repossessor Surety Bond

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Under Colorado law (§ 4-9-629, C.R.S.), any person who is retained by a secured party to recover or take possession of collateral upon default is required to be bonded for property damage. To file a repossessor bond, send the Colorado Repossessor following items to the Colorado Attorney General, Consumer Protection Unit, 1300 Broadway, 7th Floor, Denver, Colorado 80203:

  • Completed Application for Repossessor Bond (including a current partnership agreement or a Certificate of Good Standing or Certificate of Authority from the Colorado Secretary of State, as appropriate);
  • Original Colorado Repossessor Bond fully executed in the amount of $50,000 drawn in favor of the Colorado Attorney General and
  • Non-refundable filing fee in the amount of $150, payable to the Colorado Department of Law.

The information provided above is for general informational purposes only and does not constitute legal advice.  Do not rely solely on the information presented here as a substitute for professional legal counsel.

What is the Purpose of the Surety Bond?

The primary purpose of a Colorado Repossessor Bond is to protect the public from financial loss caused by property damage during a repossession. Here’s a closer look at how it achieves this:

  1. Financial Guarantee: It acts as a financial guarantee of at least $50,000. If a repossessor damages property while repossessing collateral (like a car), the bond can be used to compensate the owner for the repairs or replacement.
  2. Discourages Negligence: By requiring a bond, the state discourages irresponsible repossession practices. Repossessors are more likely to handle the process with care to avoid damaging property, which could trigger a claim against their bond.
  3. Provides Recompense: In the unfortunate event of damage, the bond ensures the owner has a means to recover their losses. This helps minimize the financial burden caused by a repossessor’s negligence.

Overall, the Colorado Repossessor Bond serves as a safety net for both the public and the repossession industry. It promotes responsible repossession practices while offering financial recourse to property owners in case of damage.

If the surety company pays a claim on the bond, it will seek restitution from the bond principal.



How to Get Your Colorado Repossessor Bond

  1. Complete an online application. It’s free and no-obligation.
  2. One of our surety experts will contact you with a firm quote and an agreement to sign.
  3. Provide payment and your signed agreement, and then you will receive your Surety Bond!

If you have any questions, please call us at 877-654-2327.

How to Get Bonded

1. Apply Online
Using our Free & Secure Application
2. Get Your Free Quote
Applications are No-Obligation
3. Get Your Bond
Most Bonds are Approved in 1-2 Business Days

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Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.

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