North Carolina — Collection Agency DOMESTIC Initial - MAIL Bond
This initial domestic collection agency bond is for an applicant incorporated in North Carolina. The Department of Insurance's CA-D1 initial form calls for $10,000 in security for clients' unaccounted collection money. Confirm the applicant's place of incorporation and the initial permit dates before using the MAIL-labelled option.
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- Recorded state
- North Carolina
- Bond type
- Collection Agency Bond
- Category
- Financial services
What this bond does
The bond is a condition of the collection agency permit and protects clients for whom the agency collects accounts. It secures money the agency has not accounted for, rather than a borrower's debt or a general promise to cover every business loss. It is separate from the agency's permit application.
- Who needs it
- North Carolina-incorporated applicants seeking an initial collection agency permit for the location being licensed. Domestic status follows incorporation, not the office's mailing address or an owner's nationality. Applicants incorporated elsewhere in the United States use the foreign classification; those incorporated outside the United States use the alien classification.
- Who it protects
- The principal and surety are jointly and severally bound to North Carolina for the benefit of the agency's clients. The initial CA-D1 condition indemnifies clients for collection money not accounted for and continues until the relevant client money has been accounted for. The surety's aggregate exposure is limited by the required bond amount; the permit's ordinary end date does not erase existing obligations.
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
- NC DOI domestic initial CA-D1 bond and mailing instructions (opens in a new tab)Checked October 27, 2026
- NC DOI collection agency application and domicile guidance (opens in a new tab)Checked October 27, 2026
- North Carolina section 58-70-20 (opens in a new tab)Checked October 27, 2026
Have these ready
- Confirm North Carolina incorporation and the initial permit classification.
- Match the legal applicant, FEIN and collection location to CA-D1.
- Check the $10,000 initial security and next June 30 date instructions.
- Arrange authorized signatures, seals and the surety's notarial acknowledgment.
- Confirm the bonds-only delivery route separately from payments and the NCLMS permit application.
Questions about this bond
Does domestic mean that my office is in North Carolina?
The DOI defines domestic status by incorporation in North Carolina. A North Carolina office or mailing address alone does not make a company incorporated elsewhere domestic. Use the applicant's legal domicile.
Does MAIL mean the provider sends the bond for me?
Do not assume postal fulfillment from the label. Confirm the issued document, signatures, acknowledgment and delivery method with the provider and DOI. The initial packet identifies a bonds-only address, separate from the payment and other-document routes.
Does liability end when the permit period ends?
The model is continuous until the relevant client collection money has been accounted for. It preserves existing obligations after permit suspension or revocation. Replacement requires Commissioner acceptance and written release of the old surety, not merely buying another bond.