Indiana Debt Management Company Bond |
AmeriPro Surety Bonds | 844-589-9732
Debt Management Companies– Indiana
Debt management companies in Indiana are regulated by the state’s Department of Financial Institutions.
Licensing and the surety bond are facilitated by NMLS, the Nationwide Mortgage Licensing System.
Our agency does several things for you:
- We offer this bond without a credit check at a single low price, if you choose it;
- If you have your NMLS number, we can also electronically file the bond on your behalf.
Indiana Debt Management Company Bond: Amount of Surety Bond Required; Premium
The Indiana debt management company bond is a $50,000 surety bond required by the Department of Financial Institutions.
Our agency now offers you this surety bond as an “instant issue” bond.
This means that after the completion of the surety application, and payment of the premium, the debt management company bond is issue to you immediately. There is no credit check involved in this bond’s purchase.
Additionally, we can electronically file this bond on your behalf at no additional charge.
The pricing we offer is as follows:
- For one year, an Indiana debt management company bond will cost you $750;
- If prepaid for 2 years the premium amount is $1350;
- If prepaid for 3 years the premium amount is $1950.
The Purpose of this Surety Bond:
The Indiana debt management company bond is a financial guarantee which ensures your compliance with all laws, regulations, and statutes governing debt management companies.
Specifically, the wording of the surety bond states that you will follow the (Indiana) Debt Management Companies Act and any subsequent amendments to the Act. Thus, while the bond is required of your debt management company, it is for the protection of consumers who are harmed by the familiar of a company to comply with any related laws.
As principal of this bond, you must indemnify the surety for any claims paid against your bond (if such were to occur); except that the claims will not exceed the aggregate amount of the bond’s face amount ($50,000), but this excludes any attorney costs and fees.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, court, and fiduciary surety bonds throughout Indiana and nationwide.
Please call our agency today at:
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