The New Hampshire Credit Services Organization Bond is required by the New Hampshire Secretary of State.
According to the New Hampshire Credit Service Organizations Act, a Credit Service Organization is any person who sells or provides the following services in exchange for payment:
- Improve a consumer’s credit record, credit history, or credit rating
- Obtain an extension of credit for a consumer
- Provide advice or assistance to a consumer related to the consumer’s credit record, credit history, or credit rating.
In order to conduct business in the State of New Hampshire, all Credit Service Organization must post a bond with the Secretary of State. The New Hampshire Credit Service Organization Bond ensures the full compliance of the Organization with the terms of the New Hampshire Credit Services Organizations Act. Furthermore, the bond is for the benefit of any person who is damaged by violation of such Act.
The required amount for the New Hampshire Credit Services Organization Bond is equal to 5% or the total amount of the fees charged under credit services organization. In no case should the bond be less than $5,000 or more than $25,000.
CLICK HERE for more information from the New Hampshire Department of Justice, Office of the Attorney General
Where can I get a New Hampshire Credit Services Organization Bond?
It does not take long to process this type of surety 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 a service of AssuredPartners and is licensed in all 50 states. Maintaining an A+ rating by the Better Business Bureau, Surety1 is the premier online provider of surety bonds natinwide, since 2003
Visit our State Guide of Bond Requirements for Credit Services / Credit Repair Businesses