Nebraska — Collection Agency - NMLS Bond
Nebraska's collection agency bond amount depends on the agency's solicitor count. Section 45-608 sets $5,000 below five solicitors, $10,000 for five through fifteen and $15,000 for sixteen or more. Confirm the count and amount with the Collection Agency Licensing Board before ordering through this NMLS-labelled option.
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- Recorded state
- Nebraska
- Bond type
- Collection Agency Bond
- Category
- Financial services
What this bond does
The bond secures faithful performance of the agency's agreements with clients and customers. It also backs reporting and payment of net collection proceeds within 45 days after the close of each calendar month.
- Who needs it
- Collection agencies completing Nebraska licensing through the Secretary of State and Collection Agency Licensing Board. Bring the legal agency name and current solicitor list. The Board now directs new applications, branch applications and solicitor submissions through NMLS.
- Who it protects
- The bond is payable to and approved by the Board, with protection for clients or customers harmed by a failure to account, pay or perform their agreements. A damaged person may bring an action in a court of competent jurisdiction. Total surety liability to all such people cannot exceed the bond sum.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Nebraska Revised Statute 45-608 (opens in a new tab)Checked October 27, 2026
- Nebraska Secretary of State collection agency licensing (opens in a new tab)Checked October 27, 2026
- Nebraska legacy posted Chapter 2 and appended forms (opens in a new tab)Checked October 27, 2026
Have these ready
- Bring the legal agency name, NMLS company information and Nebraska application or renewal request.
- Have the current solicitor list and count used to determine the required security tier.
- Confirm the Board-approved bond sum, effective dates and accepted execution/delivery instructions.
- Check that the issued undertaking covers the agency's client agreements and monthly reporting/remittance duties.
Questions about this bond
How is the ordinary bond amount determined?
Section 45-608 uses solicitor counts: below five, $5,000; five through fifteen, $10,000; sixteen or more, $15,000. Confirm your agency's count and any different Board request before ordering.
Does protection only concern missing client money?
The statute also secures faithful performance of agreements with clients and customers. It allows an action by a person harmed by the agency's failure to account, pay or comply with its agreement, within the aggregate bond limit.
Can I rely on an older paper licensing packet?
The current Secretary of State programme directs new applicants to NMLS and no longer accepts paper license applications. Confirm the separate bond-document delivery and dates instead of treating an older paper specimen as the current licensing process.