This new enactment requires an increase in the surety bond amount required for Collection Agencies or Debt Collectors operating in Arkansas. Past state law required bonds amounts to range between $5,000 and $25,000. The new law calls for bonds to range between $10,000 and no more than $50,000.
Lance Surety offers exclusive programs for Collection Agency Bonds. If you’d like a free quote in just minutes, apply online or call us at 877-514-5146. We can get you approved and bonded in no time!
Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.
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Lance Surety Bond Associates, Inc. is a surety bond agency based out of southeastern Pennsylvania that is able to write all surety bond types in all 50 states. We are dedicated to servicing all of our customers' surety bonding needs throughout the country and guarantee competitive rates, timely responses, and unparalleled customer service.