According to the Kansas Credit Services Organization Act, K.S.A 50-1116, a Credit Services Organization is a person who engages in the business of debt management services for a fee, compensation, or gain. Debt management services include:
The Kansas Credit Services Organization Bond protects consumers from damages resulting from the organization’s failure to comply with the requirements of the Kansas Credit Services Organization Act, K.S.A. 50-1116.
The Kansas Credit Services Organization Bond is continuous in nature; however, the Surety may cancel the bond at any time with 30 days written notice to the Commissioner. The bond must stay in effect for two years after the date of business cessation.
All credit services organizations are required to be licensed by the Commissioner before conducting business in the State of Kansas. According to K.S.A. 50-1118, the application for licensing must include:
It does not take long to process a Kansas Credit Services Organization 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 Kansas since 2003.