The Texas Debt Collection Act requires certain types of debt collectors to secure and file with the Texas Secretary of State a judgment bond.  The bond must be in favor of a person damaged by a violation of the Texas Debt Collection Act and in favor of the State of Texas.  The bond amount is $10,000.00.  Only third-party debt collectors (as defined by the Act) and credit bureaus must obtain such a bond.  If a collection agency does not obtain and file an appropriate bond, it is in violation of the Act.  Here is a link to a site at which you can search for a particular collection agency to determine whether it has filed a bond -

 http://direct.sos.state.tx.us/debtcollectors/DCSearch.asp

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This entry was posted on Wednesday, February 17th, 2010 at 10:01 am and is filed under Bond - Collecting in Texas, Texas Debt Collection Act. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.