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Debt Management Services Bond
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Debt Management Services Bonds And Getting Your Mississippi Business License/Registration
License period Debt Management Service Providers is January 1 to December 31 and is not pro-rated for application made during the license period. The minimum licensing requirements are as follows;
- Initial license fee
- $50,000 surety bond issued for licensing period. Cash or a certificate of deposit in the same amount may be provided in lieu of surety bond
- Financial Statements
- Register with Mississippi Secretary of State
- Overview of the transactions and activities to be conducted
- Copy of consumer agreements and fee schedule
- Copy or servicing contracts or agreements between licensee and any third parties
- Narrative explaining how client payments are processed
- List of all education, courses and products offered to consumers and the associated costs
Additional Mississippi Debt Management Services Bond Resources & Links
Mississippi Department of Banking and Consumer Finance Debt Management Service Provider
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