Most states require a collection agency license, appropriate
bonding, or a certificate of authority in order to attempt
collection. Stuart-Lippman and Associates has in place the required
licensing, bonding and certificates of authority to collect
In Arizona, where our home office is located, collection
agencies are among the most vigorously audited and monitored
companies. We are governed by The Arizona Department of
Financial Institutions (ADFI). Regularly, ADFI will perform
routine on site audits.
As members of the Commercial Collection Agency Association
of the Commercial Law League of America, we have in place
an additional indemnity bond with coverage totaling $300,000.00.
In order to maintain our membership, we are required to
achieve a level of compliance above and beyond that required
by the State.
If your company requires or volume merits, Stuart-Lippman
and Associates will obtain for your protection, and at our
own cost, a blanket indemnity bond equal to one and one
half times the gross monthly dollars recovered or anticipated
to be recovered. For added protection, we carry an appropriate
amount of professional liability coverage underwritten by
an A+ Class XV carrier. Should you require or desire, Stuart-Lippman
and Associates will add your company as an additional
insured directly to our policy.