According to the West Virginia Consumer Credit and Protection Act, Section 46A-6C of the West Virginia Code, a Credit Services Organization is a person who provides any of the following services in exchange for payment:
In order to receive payment before full completion of services, a Credit Services Organization must file a Surety Bond with the West Virginia Secretary of State. The West Virginia Credit Services Organization Surety Bond ensures the Organization’s full compliance with the West Virginia Consumer Credit and Protection Act. Furthermore, the bond provides compensation for damages resulting from violation of said Act.
The bond is continuous in nature and must be in effect two years after the date of business cessation.
CLICK HERE for more information from the West Virginia Secretary of State
It does not take long to process a West Virginia Credit Services Organization 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.
Surety Solutions Insurance Services, Inc. (Surety1) is licensed in all 50 states and is rated A+ by the Better Business Bureau. Surety1 has been writing surety bonds in West Virginia since 2003.