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West Virginia Credit Services Organization Bond (WV Credit Repair Bond)

The $15,000 West Virginia credit services organization bond is a requirement for credit repair companies and some mortgage related professionals. The bond’s premium is $225 annually. Please call AmeriPro Surety Bonds:                 844-589-9732.

West Virginia Credit Services Organization Bond

AmeriPro Surety Bonds | 844-589-9732

 

***We are currently not a market for this bond.***

 

Credit Services Organizations – West Virginia

 

 

 

Credit services organizations, or credit repair companies, are regulated and licensed by West Virginia’s Secretary of State.

The licensing and bonding requirement also includes first and second mortgage brokers and lenders who perform credit repair and who are also statutorily non-exempt.

The surety bond amount is $15,000.

 

 

 

Qualifying and the Premium

 

 

 

You are automatically approved for the $15,000 West Virginia credit services organization bond. When you call our agency, we’ll take the short surety bond application from you over the phone.

There is neither a credit check nor an underwriter review for this surety bond.

After payment of the $225 premium, our agency issues this bond to you immediately. Your surety bond along with the Power of Attorney (POA)will be sent to you by the following business day for filing. Upon receipt, the bond will have our signature as Surety and then will require your signature as Principal.

Both your bond form and POA should be filed with the Secretary of State.

 

 

 

Premium Payment Options

 

 

 

At $225 premium, your West Virginia credit services organization bond is active for one year and thereafter renews on the anniversary of its issuance.

The option also exists to prepay your bond for up to 3 years which offers you a savings over annual renewals.

The premium prepayment premium options and savings are as follows:

  • If prepaid for 2 years, the premium is $405, a $45 savings;
  • If prepaid for 3 years, the premium is $585, a $90 savings.

 

 

 

Purpose of Your Surety Bond Requirement

 

 

 

Your West Virginia credit repair bond is a financial guarantee of your compliance with all provisions of the West Virginia Consumer Credit Protection Act. Especial attention should be given to paragraph §46S-6C-3 of the state’s statutes which deals with prohibited conduct.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency which provides credit services organization surety bonds in all states where this is required by law. We also provide license and permit bonds in all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and an agent will contact you…

 

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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