Nevada Foreign Collection Agency Bond: A Complete Guide
If you’re an out-of-state debt collector operating in Nevada, you may need a Nevada Foreign Collection Agency Bond to comply with state regulations. This guide explains the bond requirements, how to obtain one, and why it’s essential for your business.
What Is a Nevada Foreign Collection Agency Bond?
The Nevada Foreign Collection Agency Bond is a type of surety bond required by the Nevada Department of Business & Industry, Financial Institutions Division. It ensures that foreign collection agencies (those not licensed in Nevada) comply with state laws when collecting debts from Nevada residents. This bond is managed through the Nationwide Mortgage Licensing System (NMLS), and obtaining it is a key step in securing a Certificate of Registration as a Foreign Collection Agency. The bond amount varies (scroll down) and the cost of the surety bond is usually between 1% and 3% of the bond amount.
How to Get This Surety Bond
At Surety1.com, we simplify the bonding process into three easy steps:
- Complete Our Secure Online Application – Fast, easy, and user-friendly.
- Receive a Free, No-Obligation Quote – Our experts review your application and provide competitive rates (usually within one business day).
- Sign & Pay – Once approved, sign the paperwork and pay the bond premium. We’ll upload the Nevada Foreign Collection Agency Bond directly to the NMLS.
Important Notes:
The applicant’s name on the bond must exactly match the business name on the license application.
Nevada Foreign Collection Agency Bond Amount
| Average Monthly Balance | Bond Amount Required |
| Less than $100,000 | $35,000 |
| 100,000–100,000–149,999 | $40,000 |
| 150,000–150,000–199,999 | $50,000 |
| $200,000 or more | $60,000 |
Who Needs a Nevada Collection Agency License Bond?
If your collection agency operates outside Nevada but collects debts from Nevada residents, you must apply for this bond. However, you must meet specific conditions:
✅ No physical presence in Nevada – You cannot have employees, agents, or business locations in the state.
✅ Limited collection methods – Debt collection must be conducted via interstate communication (phone, mail, or fax).
✅ Compliance with Nevada laws – You must follow NRS 649.305 to 649.375 regarding debt collection practices.
Restrictions for Foreign Collection Agencies
❌ Cannot solicit collection rights in Nevada.
❌ Cannot respond to bids/proposals for debt collection unless the debtors are out-of-state.
❌ Cannot advertise collection services to Nevada residents.
Why Choose Surety1 for Your Bond?
- Fast & Easy Process – Get bonded in 24–48 hours.
- Competitive Rates – We work with multiple surety markets to find you the best price.
- Trusted Provider – Backed by AssuredPartners, one of the largest insurance agencies in the U.S.
- A+ BBB Rating – A proven track record of reliability since 2003.
What Happens If You Don’t Get Bonded?
Operating without this bond can result in:
- Fines & penalties from Nevada regulators.
- Loss of registration, preventing you from collecting debts in the state.
- Legal action from debtors or the state.
Final Thoughts
The Nevada Foreign Collection Agency Bond is a legal requirement for out-of-state debt collectors. By securing your bond through Surety1.com, you ensure compliance, protect your business, and maintain trust with clients.
Get Your Bond Today!
📞 Contact Surety1 for a free quote or apply online now to start the process.
🔗 Apply Now | 📧 Email Us | ☎ Call (877) 654-2327
About Surety1.com
Surety1 is a leading online surety bond provider, offering fast, affordable bonding solutions nationwide. Partnered with top-rated insurers, we help businesses stay compliant with state and federal regulations.
✅ Fast Approvals | ✅ Low Rates | ✅ Expert Support
Get bonded today and operate with confidence!
How to Get Your Nevada Foreign Collection Agency Bond: A Complete Guide
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- 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.
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.