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Michigan Debt Collector bond

Michigan Debt Collector

Michigan requires a $10,000 debt collector bond.

Michigan Debt Collector bond, answered

How much is a debt collector bond in Michigan?
Michigan requires a $10,000 debt collector bond.
Who needs a Michigan debt collector bond?
Licensed collection agencies in every state that conditions the agency license on a posted surety bond.
Who regulates debt collector bonds in Michigan?
Michigan DIFS oversees debt collection requirements in Michigan, including the bond filing.
How do renewals work?
Renews annually alongside the underlying license.
How do I get bonded?
Send state and license details Receive a per-state quote within one business day Bond signed and filed with the regulator

What you will need

  • State of license and license number
  • Two years of business financials
  • Owner credit authorization

How to get bonded

  1. Send state and license details
  2. Receive a per-state quote within one business day
  3. Bond signed and filed with the regulator

Regulator: Michigan DIFS

Bond placement runs on Cornerstone Surety

Get your Michigan debt collector bond quoted by the Cornerstone Surety team.

Quote at Cornerstone Surety

Or call us: 770-587-4595