North Dakota Collection Agency Bond
AmeriPro Surety Bonds | 844-589-9732
North Dakota Collection Agency License
Collection companies licensed and operating in North Dakota are regulated by the state’s Division of Financial Institutions.
A condition of licensing or a renewal of an existing license is that you provide the Division proof of an active $50,000 surety bond.
The NMLS, Nationwide Mortgage Licensing System processes your licensing and registration requirements.
Our agency will file your bond to NMLS on your behalf after its purchase.
Qualifying and the Premium
You are automatically approved for the $50,000 North Dakota collection agency bond. There is no underwriter review nor a credit check, and the annual premium is $375, ¾ of 1%.
When you call us, we’ll ask the following information of you:
- The name, exactly as it should appear on your surety bond;
- Your contact information, which will include your address, email and phone number;
- Payment of the premium
Upon payment of the premium, our agency will file your collection agency surety bond on your behalf to NMLS.
Premium Prepayment Options
Your premium of $375 is good for one, must be renewed by the anniversary, and is a continued requirement of licensing with the state of North Dakota.
Our agency offers you the ability to prepay your bond up to 3 years which will offer you a savings over annual renewals.
The premium prepayment option and savings are as follows:
- If prepaid for 2 years, the premium is $675, a $75 savings;
- If prepaid for 3 years, the premium is $975, a $150 savings.
Purpose of Your Surety Bond Requirement
The purpose of your surety bond is to serve as a financial guarantee which ensures your professional compliance with all laws dealing with debt collection in North Dakota.
AmeriPro Surety Bonds is a surety bonds-only agency which provides debt collection surety bonds wherever required nationwide.
We are also a provider of license and permit, court, probate, and other surety bonds through North Dakota and all 50 states.
Please call us today at:
Or, you may fill out the form below and a Surety Agent will contact you…