Mississippi Check Cashing or Payday Lending Bonds
What is a Mississippi Check Cashing Bond?
A Surety Bond is required of Mississippi Check Cashers in accordance with the Mississippi Check Cashers Act. The surety bond ensures that the check casher business conforms with state laws and all other applicable statutes of the State of Mississippi, performing the duties and business obligations as required. The surety bond also guarantees prompt payment of any judgment recovered against the business due to damages or other charges resulting from any violation of the provisions of the Mississippi Check Cashers Act. Lastly, the surety bond obligates the check casher to pay and discharge all indebtedness under the provisions of the Mississippi Check Cashers Act and any other applicable laws, statutes, or ordinances of the State of Mississippi, any county, municipality or other political subdivision.