North Carolina — Collection Agency FOREIGN #1 Replacement - MAIL Bond
Replacing a North Carolina foreign collection agency Bond #1 requires more than ordering a new document. Bring the existing permit, bond and DOI replacement request so the new CA-F1 can be matched without an unintended gap. This MAIL-labelled option concerns client collection money, not the separate Department expense undertaking.
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- Recorded state
- North Carolina
- Bond type
- Collection Agency Bond
- Category
- Financial services
What this bond does
CA-F1 secures money collected for clients that the agency has not accounted for. Replacement changes the security supporting that obligation; it does not convert the bond into insurance for the agency or replace foreign Bond #2. DOI must accept the replacement before the old surety can rely on the model's written-release provision.
- Who needs it
- Permit holders incorporated in a United States jurisdiction outside North Carolina that need to replace foreign client-protection security. Use the actual company's domicile and permit. A North Carolina office does not make an otherwise foreign corporation domestic, and incorporation outside the United States calls for the different alien classification.
- Who it protects
- The principal and surety are jointly and severally bound to North Carolina for clients whose accounts the agency collects. CA-F1 continues until the relevant client money has been accounted for, subject to its aggregate amount limit. Existing permit-period liabilities survive suspension or revocation; a new receipt does not establish who bears prior obligations.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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
- North Carolina DOI — foreign renewal bond packet (opens in a new tab)Checked October 27, 2026
- North Carolina DOI — foreign initial bond packet (opens in a new tab)Checked October 27, 2026
- North Carolina General Statutes 58-70-20 (opens in a new tab)Checked October 27, 2026
- North Carolina DOI — collection agency licensing (opens in a new tab)Checked October 27, 2026
Have these ready
- Identify the existing foreign CA-F1, permit and reason for replacement.
- Confirm US incorporation outside North Carolina.
- Bring the required period and any renewal collection-and-commission calculation.
- Arrange signatures, seals, surety acknowledgment and coordinated effective dates.
- Obtain DOI acceptance and any written release, then confirm delivery and NCLMS updates.
Questions about this bond
Does a new bond release the former surety?
The posted CA-F1 requires DOI to accept the replacement and notify the former surety of its release in writing. A provider receipt does not establish that release or the treatment of earlier liabilities.
Should a replacement always be $10,000?
Do not assume the initial amount applies to the current permit. The renewal model uses the section 58-70-20(a) business-based calculation. Bring the actual DOI request and period so the replacement carries the appropriate security.
Does MAIL require postal delivery?
It is the catalog option's label. The posted foreign renewal packet includes both a bonds-only mailing route and email acceptance. Confirm the instructions applicable to your replacement and do not assume the provider handles submission.