If you are engaged in the operation of a Collection Agency in the State of Minnesota, you are required by the Minnesota Department of Commerce to execute a Minnesota Collection Agency Bond to ensure compliance with Section 3332.34 of the Minnesota Statutes.
Bonds Express offers a Minnesota Collection Agency Bond with a 99% approval rate.
A 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. The Minnesota Collection Agency Bond holds you accountable for your business decisions.
By possessing a Minnesota Collection Agency Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.