How Much Is A Surety Bond For Credit Repair Company In Louisiana?
The Louisiana Credit Repair Service Bond is required past the Louisiana Chaser Full general in the amount of $100,000. The bond states that the bail holder volition follow the Credit Repair Service Organization Act, LSA-R.Southward. 9:3573.4. A credit repair organization is define every bit:
A Credit Repair Services Organization is a person** who, with respect to a buyer, in render for the payment of money or other valuable consideration, directly or indirectly, provides or represents that he/she can or will, directly or indirectly, provide any of the following services:
- Improving a buyers credit record, history, or rating.
- Giving advice or assistance to a buyer with regard to improving a buyer's credit tape, credit history, or credit rating, including the sale of self-help instructional guide.
The $100k Louisiana Credit Repair Service Bond is a requirement when registering as a credit services organization in the State of Louisiana. The failure to obtain or file the bond as required past this Section will constitute a violation for purposes of civil or criminal remedies or penalties. A person who is entitled to recover damages, costs, or attorney fees from a credit repair services organization may petition the attorney general of Louisiana for relief under whatsoever surety bond established pursuant to R.S. 9:3573.4.
**"Person" means an individual, corporation, partnership, trust, association, articulation venture pool, syndicate, sole proprietorship, unincorporated organization, or any other form of entity not specifically listed herein.
How do I get a Louisiana Credit Repair Service Bond?
Surety1 makes it piece of cake! Simply complete our easy to navigate, online awarding and an agent volition provide you with a firm quote, commonly inside 1 business day. Then we will transport some paper work to have signed and collect payment. Then you will receive your bond. The underwriting for this od is credit based. If yous take challenged credit, additional data may exist required.
Surety1 has been bonding in Louisiana since 32003 and is rated A+ by the Meliorate Business concern Bureau .
Visit our State Guide of Bond Requirements for Credit Services / Credit Repair Businesses
How to Get Your Louisiana Credit Repair Service Bail
1. Complete an online application. It's free and no-obligation. 2. One of our surety experts will contact y'all with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and and so y'all will receive your Louisiana Credit Repair Service Bail! If y'all take any questions, please phone call us at 877-654-2327.
Source: https://surety1.com/bond_info/louisiana-credit-repair-service-bond/
Posted by: ortizinfe1974.blogspot.com
0 Response to "How Much Is A Surety Bond For Credit Repair Company In Louisiana?"
Post a Comment