Florida Credit Services Organization (CSO) Bonds
What is a Florida Credit Services Organization Bond?
The State of Florida Department of Banking and Finance requires credit service organizations to furnish a surety bond. The condition of the surety bond is that the credit service organization faithfully comply with applicable provisions of the Florida Statutes along with all rules and regulations mandated by the Florida Department of Banking and Finance. Any buyer damaged by fraud, dishonesty or failure to comply by the principal, salesperson, agent or representative of the principal may bring action against the surety bond.