The Connecticut Department of Banking is the regulatory bond which licenses and oversees debt adjusters.
The license and the required surety bond are filed through NMLS, the Nationwide Mortgage Licensing System. A debt adjuster surety bond must be filed at the time of the submission of your license to NMLS.
The Connecticut debt adjuster bond is a statutory minimum $40,000 surety bond. For any surety amount up to and including $50,000, our agency offers this bond instantly, without a credit check review, and right after completion of an application and payment of the premium.
A $40,000 surety bond will cost you just $600 annually; and a $50,000 surety bond will cost you $750, annually.
A debt adjuster surety bond greater than $50,000 will have the same surety bond application; however, there is also a credit review by an underwriter before the bond’s issuance. Applicants who require a surety bond greater than $50,000 will need to have good credit in order to qualify for this bond through our agency.
If you are approved, you will have a premium that is 1 ½% of the bond’s amount.
Once approved for this surety bond, our agency will present you with the option to prepay the bond’s premium for two or 3 years. Prepayment of the surety bond premium:
We will speak with you in more detail about this option.
The surety bond serves as a financial guarantee that you will account for all funds received, and that you will be in compliance with the state’s statutes regarding debt adjusting; particularly Statutes 36A-655 to 36A-665.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Connecticut.
Our agency also provides surety bonds nationwide.
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