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Colorado Debt Management Services Provider Bond

Colorado Debt Management Services Provider Bond

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Who Requires the Debt Management Services Provider Bond and Why Is It Needed?

Graphs. Credit Services Organization bond for those who offer professional credit services

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.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Colorado Debt Management Services Provider Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What Does the Bond Protect Against?

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.

List of Colorado surety bonds.

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