Maryland Debt Settlement Services Bond |
AmeriPro Surety Bonds | 844-589-9732
Debt Settlement Services Providers – Maryland
Maryland’s Department of Labor, Licensing & Regulation is the state entity requiring the registration of debt settlement services providers (2 years at $1000), and the surety bond requirement.
Our agency offers this surety bond as an instant issue bond for one flat annual pricing.
The surety bond requirement is for those debt settlement providers who have established a dedicated account as described in the Maryland Debt Settlement Services Act.
Surety Bond Amount and Easy Qualifications
The Maryland debt settlement services bond is a statutorily required $50,000 surety bond.
Qualifying is both easy and quick with our agency. Since we offer this surety bond with no credit inquiry, you will merely complete a standard surety application, pay the surety bond premium, and the bond will be issued to you immediately.
An emailed copy of the surety bond can be sent to you for no additional charge and the original surety bond with the wet signature will be sent the same or the following business day.
The debt settlement surety bond pricing is as follows:
- $750, if paid for 1 year;
- $1350 if prepaid for 2 years (this coincides with the licensing duration provided by the state);
- $1950 if prepaid for 3 years.
This surety bond is a financial guarantee which ensures your compliance with all laws and regulations concerning debt settlement in Maryland, and specifically the handling of consumers’ money.
More specifically, the bond is a pledge of your compliance with FI Title 12, Subtitle 9 and any amendments or additions to the law.
The protections afforded the consumer extend to any wrongdoing committed by a principal, and any employees, agents, or managements in connection with the operations of a debt settlement business.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, court, and fiduciary surety bonds throughout Maryland.
Our agency also provides surety bonds nationwide.
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