Florida Commercial Collection Agency Bond
Overview
Business-to-business debt collection in Florida runs through a registration system with a $50,000 bond at its core. Section 559.545 of the Florida Statutes requires each commercial collection agency, when applying for registration, to furnish the state's Office of Financial Regulation a $500 registration fee, identifying information, and a surety bond in the amount of $50,000 — valid for the year of registration and issued for the use and benefit of any credit grantor who suffers loss from a violation of the commercial collection part of Chapter 559. The bond is what stands between your clients and an unremitted collection.
Who Needs This Bond?
Agencies that collect commercial debts — money owed between businesses, such as unpaid invoices and trade receivables — on behalf of credit grantors in Florida register under Part VI of Chapter 559 and post this bond. It applies whether the agency is Florida-based or an out-of-state firm collecting commercial accounts in Florida. Consumer collection agencies are regulated under a different part of Chapter 559 and should not confuse the two frameworks.
What is this Bond For?
Section 559.545 spells out the beneficiary: the bond is issued for the use and benefit of any credit grantor who suffers or sustains loss or damage from a violation of the commercial collection agency law by the registrant — or by an agent or employee acting within the scope of employment. If an agency fails to remit collected funds or otherwise violates the part, the client business has a $50,000 fund to claim against, and the bond also assures continued compliance with the registration scheme.
When is it Required?
At registration, and every year after. The bond furnished under section 559.545 must be current and valid for the year of registration, so agencies renew the bond alongside the registration itself. Operating with a lapsed bond undercuts the registration that authorizes commercial collection activity in Florida.
Where Does it Apply?
This is a statewide requirement administered by Florida's Office of Financial Regulation, which receives the registration fee, information, and bond under section 559.545. It covers commercial collection activity throughout Florida regardless of which county the agency or its clients operate in.
How to Buy Online
Choose 'Buy This Bond Online' to open the secure surety portal in a new tab. Complete the short application with your agency's registration details, pay online, and receive your executed $50,000 Florida commercial collection agency bond ready to furnish to the Office of Financial Regulation.
Why Bond Titan?
Bond Titan is powered by The Southern Agency, a licensed surety agency. The registration fee, bond amount, and beneficiary language on this page are cited to section 559.545 in the Official Sources section, so you can check the statute yourself — then finish the entire bond purchase online in one sitting.
Official Sources
The requirements described on this page are verified against the official sources below.
- $500 registration fee, required information, and $50,000 surety bond furnished to the Office of Financial Regulation; bond valid for the year of registration and issued for the use and benefit of credit grantors harmed by violations: Fla. Stat. §559.545 (verified July 16, 2026)