Colorado Debt Management Service Provider Bond |
AmeriPro Surety Bonds | 844-589-9732
Debt Management Service Providers – Colorado
Debt management service provider companies are required to be licensed with the state’s Attorney General Office. Such companies also require a surety bond.
The categories of businesses which fall under “debt management providers” in Colorado include:
- Non-profit and for-profit companies;
- Law firms and individual lawyers, unless you are a licensed Colorado attorney who maintains an attorney-client relationship with a client.
New and renewal applicants will pay a fee to the state of $1000.00.
The surety bond required of debt management services provides takes only a few minutes to obtain from our agency.
Amount Required and Qualifying
The Colorado debt management service provider bond is a $50,000 surety bond required under the “evidence of financial responsibility” provision for this license.
Qualifying through our agency is streamlined and involves no credit check or inquiry, and therefore, no standard underwriting procedure.
After completion of an application (which can be taken over the phone with one of our agents), and payment of the $750 annual premium, this bond is issued to you immediately.
After the surety bond’s issuance and at your request, a copy of the debt management service provider bond can be emailed to you at no additional charge. The original bond will follow in the mail by the following business day.
Bond Term and Additional Premium Payment Options
Your debt management service provider bond is issued with a term of one year for $750.
You have the option to prepay your premium for 2 or 3 years, thereby offering you a savings over year to year renewal. Prepayment options are as follows:
- This bond with a prepayment of 2 years is $1350;
- And with a prepayment of 3 years, the premium is $1950.
The Purpose of this Bond
Your Colorado debt management service provider bond serves as a financial guarantee that you will be in compliance with the Colorado Debt-Management Services Act.
The bond also functions as a surety to guarantee payment for judgments, orders, and expenses which become owed or due to the Administrator (this surety bond’s obligee).
AmeriPro Surety Bonds is a surety bonds-only agency which provides surety bonds throughout Colorado.
Our agency also provides surety bonds nationwide.
Please call AmeriPro Surety Bonds today at:
Or, you may fill out the form below and an agent will contact you.