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Use a surety authorized for fidelity and surety business in West Virginia and file the continuing $5,000 bond with the Tax Commissioner. Section 47-16-4(b) requires a separate bond for each collection agency principal or branch office. Do not treat a single purchase as approval for every office or as the business registration certificate itself.

Keep the full condition in view: damages from unlawful acts of the agency or its agents in connection with collection business. Client-fund accounting is important, but the statutory obligation is not limited to missing remittances. A bond claim still depends on its terms and the applicable law; not every allegation produces payment.

The Act separately requires a trust account without commingling and six-year collection and disbursement records. Net client proceeds ordinarily must be paid within 30 days after month-end. For less than $5 due, the statute permits deferral for up to 90 days if monthly statements are provided. Those operating deadlines are not the bond's purchase term.

If the bond terminates without a new bond filed beforehand, the license becomes void under the statute. A different provision addresses loss of the surety's authority: the Commissioner gives registered or certified notice, and failure to file a satisfactory replacement within 30 days after written advice is cause for revocation. Do not describe that replacement period as a general 30-day cancellation grace period.

Purchase Now opens Propeller's West Virginia collection agency application in a new tab. Bring the legal agency name, office being registered, registration information, required sum and effective date. Match the execution and continuing condition to the Commissioner's current requirements, then file the bond for approval. Checkout does not issue the registration certificate, appoint a resident agent or authorize collection operations.