Vermont Debt Adjuster Bond |
AmeriPro Surety Bonds | 844-589-9732
Licensing of Vermont Debt Adjusters
Vermont debt adjusters are licensed by the state’s Department of Financial Regulation.
To become licensed:
- You must not have any felony convictions; nor can you have any convictions for defaulting on money payments collected from others, even if such debts were discharged in a bankruptcy proceeding;
- You must have a registered agent recorded with the Vermont Secretary of State;
- You must have a $50,000 surety bond.
Qualifying and the Premium
You are automatically approved for the $50,000 Vermont debt adjuster bond as there is no credit check. The premium is 1 ½%, $750 annually.
When you call us, we’ll just ask you the name that you want on your surety bond. Then we’ll request your address, email address and phone number. Finally we’ll ask you the name of the Vermont County where you live.
After payment of the $750 premium, your bond and a Power of Attorney form are issued to you immediately. Upon receipt of the original items in the mail, you’ll sign your bond as Principal, and file it with all other documents to:
State of Vermont
Commissioner of Banking, Securities & Insurance
89 Main Street, Drawer 20
Montpelier, VT 05620
Premium Prepayment Options
Your debt adjuster surety bond has a premium which renews annually. The option exists to prepay your premium up to 3 years, which will save you over annual renewals.
The premium prepayment options and savings are as follows:
- If prepaid for 2 years, the premium is $1350, a $150 savings;
- If prepaid for 3 years, the premium is $1950, a $300 savings.
Purpose of Your Surety Bond Requirement
Your Vermont debt adjuster bond is a financial guarantee of your compliance with Vermont Statutes Annotated, Chapter 133, Debt Adjusters, as amended. Known as The Act.
The bond is for the protection of persons who are harmed by the failure to comply with provisions of The Act.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and probate bonds in Vermont and all 50 states.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you.