Surety bonds • Arizona
Arizona Collection Agency Bond: $10,000 to $35,000 and Cost
Arizona collection agencies must post a bond with every original and renewal license application. The amount is based on the agency’s gross annual income from Arizona business in the prior year, from $10,000 for $250,000 or less up to $35,000 for more than $750,000. Published prices start around $100 a year.
This guide covers the bond tiers, what counts as Arizona business, costs, and how the bond is filed. Blake Insurance Group is an independent agency, and a licensed agent can help you compare options.
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Bond amounts
| Gross annual income from Arizona business | Minimum bond | Published price |
|---|---|---|
| $250,000 or less | $10,000 | $100 (no credit check) |
| $250,001 to $500,000 | $15,000 | From $100 |
| $500,001 to $750,000 | $25,000 | From $150 |
| Over $750,000 | $35,000 | From $210 |
Bond amounts from A.R.S. § 32-1021; prices published by SuretyBonds.com. Larger bonds may need a credit and financial review.
What counts as Arizona business
Under A.R.S. § 32-1021, business transacted in Arizona includes collecting from debtors located in Arizona, collecting from an office in Arizona, and collecting for creditors located in Arizona. Update your bond amount at renewal if your income moves into a new tier.
Filing and renewal
The bond is filed with the Arizona Department of Insurance and Financial Institutions as part of the license application, which is completed through NMLS. Bonds are typically renewed each year; if your gross income changes tiers, the bond amount must be updated with the surety (SuretyBonds.com).
What the bond protects
The bond protects the public and clients if the agency violates Arizona’s collection agency laws, such as failing to remit collected funds. If the surety pays a claim, the agency must repay it. Agencies often also carry professional liability coverage to protect themselves.
Arizona collection agency bond FAQs
How much is an Arizona collection agency bond?
The bond amount is $10,000 to $35,000 based on prior-year gross income from Arizona business. Published prices start around $100 a year.
What bond amount does a new Arizona collection agency need?
Usually $10,000, the tier for $250,000 or less in gross annual income.
Is the bond required at renewal?
Yes. The bond must accompany both original and renewal license applications.
Related guides
Important information
Compensation. The link in the partner quote box near the top of this page is sponsored, and Blake Insurance Group may be paid if you make a purchase. Sponsored placement does not affect the other information on this page.
Independent agency. Blake Insurance Group LLC is an independent insurance agency. Licensed insurance producer NPN 16944666. Licensed states: AZ, AL, TX, CA, NY, OH, FL, NC, VA, GA, OK, NM, IA, KS, MI, NE, SC, SD, WV, IL, NJ, PA, TN, and WA. Which insurance companies we can quote depends on our current appointments, the product, and your state. Mentioning a company on this page does not mean we represent it.
Cost figures. Published averages and ranges are cited from the sources named, as of the dates shown. They are not quotes and may not reflect your price, which depends on the insurer, the surety, your credit, the bond type, and underwriting.
Availability. Coverage, prices, discounts, and eligibility vary by insurer, state, and applicant, and are subject to underwriting. The issued policy controls.
Your next step
Tell us about your agency, and a licensed agent will help with your Arizona collection agency bond, or start a bond quote online with our partner.
