According to the Pennsylvania Credit Services Act, P.L. 1144, No. 150, a Credit Services Organization is a person who sells, provides, or performs any of the following services in exchange for payment:
In order to conduct business in Pennsylvania and receive payments before the full completion of the services, all Credit Services Organizations must obtain a surety bond. The Pennsylvania Credit Services Organization Bond ensures the organization’s faithful compliance with the Pennsylvania Credit Services Act. Furthermore, the bond protects any person damaged by violation of said Act.
The bond may be cancelled at any time by the Surety with 30-days written notice to the Credit Service Organization.
CLICK HERE for more information from the Pennsylvania Department of State.
It does not take long to process a Pennsylvania 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 Pennsylvania since 2003.