New York Collection Agency Bond – City of Buffalo

The New York Collection Agency Bond is required by the City of Buffalo in the amount of $5,000. The bond states that the bondholder shall faithfully comply with the provisions of Chapter 140 of the Code of the City of Buffalo, relating to collection agencies. In addition, they shall pay all damages to any person by reason of misstatement, misrepresentation, fraud or deceit or any unlawful act or omission. The cost of this bond with Surety1 starts at a very low price for the two-year term. 

Who needs to get the Collection Agency Bond?

Anyone doing collecting in the City of Buffalo is required to have a Collection Agency License. Your principal place of business can be outside City Limits. The bond is one of the requirements in obtaining the license.

What are the other requirements?

1. Completed application form. A Notary Public must witness signature of applicant.
2. Attach a recent copy of the financial statement and/or prior year’s Income Tax return.
3. Submit a Police record check.
4. Submit a Corporate Filing Receipt or DBA.
5. Payment of $400 made payable to the city of Buffalo.

Why should I get my New York Collection Agency Bond – City of Buffalo from Surety1?

At Surety1, we make things easy for you. Start the process by completing our easy-to-navigate, free online application form. After that, one of our surety agents will contact you with a no-obligation quote on the bond premium. Once you decide to move forward with us, you just need to pay the bond premium and choose your shipping options. You may choose to have your Collection Agency Bond – City of Buffalo mailed through USPS Priority Mail or overnight delivery.

You can trust us here at Surety as we only aim to give excellent service to our clients. We even have an A+ rating from the Better Business Bureau as evidence.