Nevada Collection Agency Bonds

Nevada Collection Agencies must supply a surety bond to the the Financial Institutions Division of the State of Nevada in order to meet state financial responsibility requirements for collection agencies pursuant to Chapter 649 of the Nevada Revised Statues. The conditions of this bond are such that the principal and its agents comply with the rules and regulations and all provisions of statutes. Further, the bonded entity must pay all final judgments and orders, with expenses, becoming lawfully due or owed to the state on behalf of anyone who has successfully brought a cause of action against the principal related to business activities as a collection agency.