Collection Agency Bond

Texas Third-Party Debt Collector Bond

SOS $10,000 surety under Tex. Fin. Code § 392.101

Texas third-party debt collectors and credit bureaus must file a $10,000 surety bond with the Secretary of State before engaging in debt collection under Tex. Fin. Code § 392.101 (Form 2901).

Overview

What Is a Texas Third-Party Debt Collector Bond?

A Texas third-party debt collector bond is the $10,000 surety filed with the Secretary of State for the benefit of persons damaged by Chapter 392 violations.

Key Provisions
  • Guarantees compliance with Tex. Fin. Code § 392.101
  • Protects the obligee named on the Texas bond form
  • Remains subject to the penal sum and bond conditions
Surety Obligation Overview

What Does This Bond Guarantee?

The surety bond guarantees that the principal will perform the duties required under Tex. Fin. Code § 392.101 up to the penal sum.

Principal
The party required to obtain the bond and perform the underlying obligation.
Obligee
State of Texas for the benefit of damaged persons
Surety
The company issuing the bond and guaranteeing the obligation to the obligee.

When a claim may arise

A claim may arise if the principal fails to comply with the bonded Texas obligation or causes covered loss to the obligee or protected parties.

If a claim is valid

If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.

Scope of the Obligation
  • Comply with Tex. Fin. Code § 392.101
  • Satisfy State of Texas for the benefit of damaged persons filing conditions
  • Maintain the bond for the required term
Bond terms

Bond summary

Amount, premium, term, and the authority that requires this filing.

Eligibility

Who Needs This Bond?

Third-party debt collectors and credit bureaus collecting in Texas need this bond on file before operating.

Who Is Required to File
  • Applicants required by Texas Secretary of State — Statutory Documents
  • Texas businesses renewing or expanding licensed activity
  • Out-of-state firms filing into Texas markets
Requirements

What You Need to Apply

Execute Form 2901 with an admitted surety for $10,000 and file with the SOS Statutory Documents section; keep the bond in force while collecting.

Required Documentation
  1. Legal entity name matching the license or filing
  2. Bond amount: $10,000 third-party debt collector - credit bureau surety bond (Form 2901)
  3. Texas obligee form or statute citation
  4. Owner or officer identification for underwriting
Filing

How this filing works

  1. 01

    Confirm the Texas requirement

    Share your license type, court order, or obligee form and the exact penal sum required by Texas Secretary of State — Statutory Documents.

  2. 02

    Underwrite and price

    We review credit and filing details, then quote premium options through licensed surety markets.

  3. 03

    Issue and file

    Once approved, we issue the bond for delivery to State of Texas for the benefit of damaged persons or for your Texas filing package.

FAQ

Frequently Asked Questions

What is the required amount for a Texas collection agency bond?

The amount is $10,000 third-party debt collector - credit bureau surety bond (Form 2901), as set under Tex. Fin. Code § 392.101 and confirmed with Texas Secretary of State — Statutory Documents.

Who is the obligee on a Texas collection agency bond?

The obligee is typically State of Texas for the benefit of damaged persons. Always match the exact name on the Texas form.

How long does it take to get the bond?

Many Texas filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.

Does bad credit prevent approval?

Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.

How do I renew the bond?

Most bonds renew on the term shown (1 Year). Keep continuity so your Texas license or filing does not lapse.

Authority Resources

Texas Secretary of State — Statutory Documents

sos.texas.gov

Next step

Ready to file this bond?

We’ll match the requirement and route the application.

Apply for this bond

Or call (877) 477-7578