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Colorado Debt Management Services Provider Bond


What is a Colorado Debt Management Services Provider Bond?

Debt management service providers in Colorado must obtain a $50,000 surety bond to ensure their organizations conduct business in an ethical and lawful manner. Valid third party claims against the surety bond vary across jurisdictions but commonly include; failure to perform contractual services, misrepresentation, fraudulent credit record actions, and improperly receiving money for services.

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Debt Management Services Provider Bond

$50,000 Bond

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Why is a Colorado Debt Management Services Provider Bond Required?

The surety bond requires that the registrant and its agents comply with the provisions, rules, and regulations of the Colorado Uniform Debt Management services Act. The bond also guarantees up to the full bond amount that registrant will pay all final judgments and orders, with expenses, that become due or owed to the Administrator, and all final judgments that become lawfully due to or on behalf of any individual who has prevailed in a Debt?Management Services Act cause of action against the registrant.

Additional Colorado Debt Management Services Provider Bond Resources & Links

Application for Registration Instructions and Bond Form