Collection Agency Surety Bonds

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2025-12-26 13:48:37 -

The infographic explains what a collection-agency surety bond is and why it exists. It shows that this type of bond involves three parties: the collection agency (the principal), the regulatory authority or licensing body (the obligee), and the surety company that issues the bond. The bond acts as a financial guarantee: it ensures that the agency follows laws and ethical standards in its...

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