Georgia private child support collectors are licensed by the Georgia Secretary of State.
While they are not a state agency, once licensed, they are authorized to contract with a parent to collect child support from the parent who is in arrears. They are permitted to charge a fee to do so.
Private child support collectors are required to furnish the Secretary with evidence of a $50,000 private child support collector bond.
This surety bond is available from AmeriPro Surety Bonds as a new or renewable bond.
Typically a child support collector bond will cost about 1% of the $50,000 amount, or $500 annually.
It must be mentioned, however, that the amount that you will pay will be determined by information provided in a standard surety bond application and your credit score.
Applicants may be required to pay much more than $500 depending on their credit, but AmeriPro Surety Bonds will work in any case to find you the best surety bond pricing.
Once issued, the bond is active for one year from the date of issuance and must be renewed annually.
The renewal is a prerequisite for keeping private child collecting licensing active with the state.
The purpose of the $50,000 private child support collector bond is a financial guarantee which ensures your compliance with all laws and statutes relating to this professional field.
This specifically refers to your compliance with § 10-1-393.9 of the O.C.G.A. which protects against violations of this code.
It also refers to § 10-1-393.10 which specifically regulates your professional conduct with customers regarding fees and full disclosures.
The surety bond, which purchased by you, is strictly for the benefit of any harm which may occur to a customer for failure to comply with the statutory regulations, and which results in some harm or loss to your client.
As with all surety bonds, you are liable to reimburse the surety for any claims paid against your bond, were that ever the case.
AmeriPro Surety Bonds is a surety bonds-only agency.
We provide license and permit, contractor, and court surety bonds throughout Georgia.
We also provide surety bonds nationwide.
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