According to the Uniform Debt Management Services Act, all Debt Management Providers operating in Colorado must provide a Colorado Debt Management Services Provider Bond. The bond is sometimes referred to as a Credit Repair Company bond. The standard bond amount is $50,000. Credit counseling companies operating in Colorado would be required to meet the surety bond requirement of the Act. A “provider” is a person that provides, offers to provide, or agrees to provide debt-management services directly or through others.
The following must be submitted to the Colorado Department of Law Consumer Credit Unit:
The surety bond, which must be issued by a company licensed to do business in Colorado, is a form of assurance for the state that you, as the applicant, promises to conduct your business professionally, following all the rules and regulations of the state.
Surety1, an AssuredPartners agency, can easily issue the Colorado Debt Management Services Provider Bond. Simply fill out this online application and you will receive a firm quote from one of our agents within one business day.
Our company is licensed in all 50 states, and we have been issuing surety bonds since 2003. We are also rated A+ by the Better Business Bureau for our fast and friendly service.