Third-Party Debt Collector Bond
Anyone performing the duties of debt collection in the State of Texas are required by the Texas Secretary of State’s Registrations Unit to post a surety bond as a prerequisite of their appointment. This is outlined in 392.001 of the Texas Finance Code. By posting this bond, third party debt collectors pledge to conduct business in accordance with the provisions of this statute. Specifically, this bond protects any person who is injured by a violation of the code from financial loss up to the full amount of the bond.
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