Who needs a Minnesota 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 Minnesota?

Minnesota Department of Commerce oversees debt collection requirements in Minnesota, including the bond filing.

Renews annually alongside the underlying license.

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

Minnesota Debt Collector bond

Minnesota requires a $20,000 debt collector bond.

How much is a debt collector bond in Minnesota?: Minnesota requires a $20,000 debt collector bond.
Who needs a Minnesota 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 Minnesota?: Minnesota Department of Commerce oversees debt collection requirements in Minnesota, 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

Regulator: Minnesota Department of Commerce

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