Tennessee - Collection Service License ($20,000) — required surety bond in Tennessee. Apply online in minutes.
A Tennessee Collection Service License Bond is a commercial surety bond that helps guarantee a collection agency operates ethically and complies with state regulations. It provides a financial safety net ensuring that agencies properly handle, report, and remit all collected debts to their rightful clients.
Individuals or businesses seeking to operate as a third-party debt collector or collection agency in Tennessee typically need this bond. It is a standard requirement to obtain and maintain an active collection service license in the state.
State regulators require this bond to protect the public and businesses from fraudulent, unethical, or illegal debt collection practices. If an agency mishandles collected funds or violates licensing rules, the bond provides a mechanism for affected parties to seek financial restitution.
Click Apply Now to complete a secure online application in about 5 minutes. Once reviewed, your official bond documents will be delivered directly to you by email. For any questions, contact Noah Insurance Agency nationwide at 814-718-0060.
Premiums vary based on the applicant's credit history and other underwriting factors. Apply online to receive an exact quote tailored to your specific situation.
Required bond amounts can vary depending on your specific business activities and state requirements. You should always verify your exact bond amount requirement with the issuing state agency prior to applying.
Approval times vary depending on the underwriting process and applicant details. Completing our quick online application is the fastest way to get your quote and secure your bond.
Yes, it is often possible to obtain a bond with less-than-perfect credit, though premium rates may vary. Submit an online application with Noah Insurance Agency so we can match you with the best available options.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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