The Secretary of State requires the Texas Third Party Debt Collector Bond.
Texas Secretary of State requires the Third Party Debt Collector Bond be in the amount of $10,000. However, this bond will not cost that much to get. Get in touch with us and we can offer this bond for a very low price.
Third party debt collectors are persons who directly or indirectly engages in debt collection, including those who sell or offer to sell forms represented to be a collection system, device, or scheme intended to be used to collect consumer debts.
While third party debt collectors are not required to register with the Secretary of State or the State of Texas, they must have this bond on file in order to engage in debt collection. The Debt Collector Bond states that the bond holder will faithfully discharge all obligations, duties and responsibilities under the Texas Finance Code.
Surety companies must write the Third Party Debt Collector Bond for and in favor of the public to ensure their protection from financial harm. This bond ensures that the people of the State of Texas are not wronged by the third party debt collector. A person can file a claim on the bond to seek compensation if they find themselves harmed by the third part debt collector.
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.