The Delaware Credit Services Organization Bond is required by the Delaware Secretary of State. According to Delaware Code Title 6, Subtitle II, Chapter 24, a Credit Services Organization is a person who provides any of the following services in exchange for payment:
The Delaware Credit Services Organization Bond allows an Organization to receive payment for services prior to their full completion. According to Delaware Code Title 6, Subtitle II, Chapter 24, the bond is in the favor of the State of Delaware for the benefit of any person damaged by violation of the Code.
In addition to the Delaware Credit Services Organization Bond, a Credit Services Organization must file a registration statement with the Secretary of State before beginning business. According to Delaware Code Title 6, Subtitle II, Chapter 24, the registration statement must include:
Furthermore, the registration statement must also contain either:
The bond should be maintained 2 years after the date that the credit services organization ceases operation.
It does not take long to process a this type of bond. We offer an easy to use online application that can be completed in a matter of minutes. After applying, within one business day you will be contacted by one of our licensed agents with a firm quote. You just need to complete some paperwork, make payment and your surety bond will be mailed to you via USPS priority mail. Overnight delivery is also available.
Surety1 is licensed in all 50 states and is rated A+ by the Better Business Bureau. Surety1 has been writing surety bonds in Delaware since 2003.