Texas Credit support agreement
Description
How to fill out Credit Support Agreement?
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In the state of Texas, you can register your credit organization in compliance with the law. That includes the need for a surety bond that legally binds the state, a surety bond company, and your credit repair company. The state of Texas requires a credit repair bond from a surety company.
Texas and Federal Law The federal Fair Debt Collection Practices Act (FDCPA) protects debtors from harassment, threats, and unfair means of debt collection by debt collectors. This law only applies to third party debt collectors. The Texas debt collection law can be found in Chapter 392 of the Texas Finance Code.
It's important to note that credit repair is legal in all 50 states. There's a federal law that guarantees consumers the right to dispute information in their credit report to have it corrected. There's also a federal law that outlines how credit repair companies can provide services to consumers.
The Texas Credit Services Organization Surety Bond is required by the Texas Secretary of State. The bond is required in the amount of $10,000 and is continuous in nature. Apply for your Texas Credit Services Organization Surety Bond.
