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Collection Business

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Old Jun 27th, 2007, 01:32 PM     #1
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Default Collection Business

I am thinking of opening a Collection Business in Maryland. I hear that I need to have a $5000 Surety Bond. What is this? Do I have to have it?
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Old Jun 27th, 2007, 02:09 PM     #2
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Default Re: Collection Business

Call the state dept of corporations and they will refer you to the correct licensing board; normally you need to be licensed and pay a bond that is basically like insurance if you do something wrong.
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