NEBRASKA COLLECTION AGENCY LICENSE BOND
KNOW ALL PERSONS BY THESE PRESENTS: That we, _________________________________, as Principal and _____________________________________ as Surety, are held and firmly bound unto the Nebraska Collection Agency Licensing Board for and on behalf of injured parties in the sum of __________________________ Dollars ($________) for the payment of which well and truly to be made, we hereby bind ourselves, our heirs, executors, administrators, personal representatives, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal, hereinabove described, is about to engage or is engaged in the collection agency business as a duly licensed collection agency in the State of Nebraska. NOW THEREFORE, the condition of this obligation is such that, if the Principal shall faithfully and truly perform all agreements entered into with the licensee's clients or customers and shall, within forty-five days after the close of each calendar month, report to and pay to his, her or its client or customer the net proceeds of all collections made during the preceding calendar month and due to each client or customer, then this obligation to be void, otherwise to remain in full force and effect. IT IS FURTHER PROVIDED, that an action may be brought in any court of competent jurisdiction upon this bond by any person to whom the licensee fails to account and pay as set forth hereinabove or who has been damaged by failure of the licensee to comply with all agreements entered into with such person, except that the aggregate liability of the Surety to all such persons shall, in no event, exceed the sum of such bond. The term of this bond shall begin upon its effective date and end on December 31, _________. The effective date of this bond is __________________________. (Corporate Seal of Insurance Company if Applicable)
________________________________________ Signature of Principal ________________________________________ Signature of Agent *
*The bond must be signed by an agent of the bonding company.