Indiana Foreclosure Consultant Bond

The Indiana Foreclosure Consultant Surety Bond is required by the Office of the Indiana Attorney General, Consumer Protection Division at the amount of $25,000. This bond is required for credit services organizations and foreclosure consultants.

A foreclosure consultant is a person who, directly or indirectly, makes a solicitation, a representation, or an offer to a homeowner to perform, with or without compensation, any service that the person represents will:

• Prevent or postpone the initiation of a foreclosure preceding, or reverse the effect of a foreclosure preceding;
• Allow the homeowner to become a lessee or renter in the homeowner’s residence during or after a foreclosure proceeding; or
• Allow the homeowner to have an option to repurchase the homeowner’s residence after a foreclosure proceeding

CLICK HERE to read more about foreclosure consultants from the IN Attorney General

What is the purpose of an Indiana Foreclosure Consultant Bond? 

The law required that all foreclosure consultants, must file a surety bond with the Office of the Indiana Attorney General. This surety bond, which should be at $25,000, is needed so that if ever consumers suffer from damages or loss when the credit service organizations violate the Indiana consumer protection law, whoever suffers will be compensated. This bond is not insurance. If a claim is file on your bond, it is your responsibility to hold the surety harmless.

How do I get an Indiana Foreclosure Consultant Bond? 

Surety Solutions Insurance Services Inc. (Surety1) makes it easy to get your bond.  All you need to do is complete out our easy to navigate, online application form. The application will only take a few minutes, then one of our licensed agents will contact you within 24 hours with a free, no-obligation quote for your bond. After you have remitted the premium payment and signed any necessary paperwork, your bond will be shipped to you via USPS priority mail, with overnight shipping options also available. The bond form is the same form as used for Indiana Credit Services. 

Surety1 has been writing bonds in all 50 states since 2003. Our surety experts provide fast and friendly service, maintaining our A+ rating by the Better Business Bureau.