Requirements for Oregon Collection Agency Bonds
Collection agencies operating in Oregon must obtain a surety bond as part of the licensing process. The bond amount is typically $10,000 and helps protect consumers from unethical or illegal collection practices.
To apply for an Oregon collection agency bond, applicants must provide basic business information and undergo a credit check. The bond premium cost will depend on the applicant's credit history and financial standing.
Benefits of Working with Single Source Surety
Single Source Surety specializes in providing surety bonds for collection agencies and other businesses in Oregon. They offer competitive rates and can often approve bonds quickly, even for applicants with challenging credit.
As an experienced surety agency, Single Source Surety can guide applicants through the bonding process and help ensure all Oregon regulatory requirements are met. Their team is available to answer questions and provide support throughout the bond term.
