Pennsylvania Credit Services Organization Bond

State:
Pennsylvania
Control #:
PA-SKU-0186
Format:
PDF
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Description

Credit Services Organization Bond Pennsylvania Credit Services Organization Bond is a type of surety bond required in Pennsylvania for credit services organizations. The bond is a form of financial guarantee from an approved surety company that the credit services organization will comply with all applicable laws and regulations as set out in the Credit Services Act. This includes the payment of debts and the delivery of services as promised. There are two types of Pennsylvania Credit Services Organization Bond: the Initial Bond and the Renewal/Continuing Bond. The Initial Bond is a one-time bond that must be purchased and filed with the Pennsylvania Department of Banking and Securities prior to commencing business as a credit services organization. The Renewal/Continuing Bond must be purchased and filed annually to remain in good standing with the Department.

Pennsylvania Credit Services Organization Bond is a type of surety bond required in Pennsylvania for credit services organizations. The bond is a form of financial guarantee from an approved surety company that the credit services organization will comply with all applicable laws and regulations as set out in the Credit Services Act. This includes the payment of debts and the delivery of services as promised. There are two types of Pennsylvania Credit Services Organization Bond: the Initial Bond and the Renewal/Continuing Bond. The Initial Bond is a one-time bond that must be purchased and filed with the Pennsylvania Department of Banking and Securities prior to commencing business as a credit services organization. The Renewal/Continuing Bond must be purchased and filed annually to remain in good standing with the Department.

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Pennsylvania Credit Services Organization Bond