Skip to content

Compliance stack

The debt collection and accounts receivable compliance stack

License, surety bond, and insurance for collection agencies, debt buyers, and accounts receivable operators.

Collection agencies, debt buyers, and accounts receivable operators carry three layers of compliance at once: the state collection agency license that lets them collect, the surety bond a regulator requires to hold that license, and the insurance program that covers the operation. Here is how the three fit together.

Requirements vary by state and activity. The license and bond pieces apply where your activity and jurisdiction require them.

What this industry carries

License, bond, and insurance, in one place

License From Cornerstone Licensing

Debt Settlement Company Licensing

Debt settlement and debt management company licensing where a state conditions the license on registration.

Explore debt settlement company licensing
Surety bond Cornerstone Surety Bonds

Debt Collector Bonds

Collection agency surety bonds posted to satisfy a state collection license condition.

Debt collector surety bonds guarantee that a licensed commercial collection agency will follow state collection law and remit collected funds to clients.

Visit Cornerstone Surety Bonds
Surety bond Cornerstone Surety Bonds

Debt Settlement Bonds

Debt settlement and debt management bonds where a state conditions the license on a posted bond.

A debt settlement bond is the surety bond states require of debt settlement and debt management companies. It guarantees the company will follow state debt adjusting law and handle consumer money honestly, and it returns prepaid fees to consumers if the company fails to perform.

Visit Cornerstone Surety Bonds
Insurance Covered by Cornerstone

Insurance for Financial Services & Lenders

Professional liability (E and O), cyber, and crime coverage tuned to the consumer financial data and client funds a collection operator handles.

A coverage stack built for licensed lenders, mortgage originators, MSBs, and the firms supporting them.

Visit Covered by Cornerstone

Not sure where to start?

Tell us about your operation and we will map the license, bond, and coverage you need, then route each piece to the right team.