Cost: $175 ( 2 Years )
To obtain an Debt Collection Agency license in New York City, you will have to execute a New York City Debt Collection Agency Surety Bond in the amount of $5,000.
This bond expires every Odd Year on January 31st.
The New York City Debt Collection Agency Surety Bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. These bonds hold you accountable for your business decisions.
By possessing a New York City Debt Collection Agency Surety Bond , you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.