Debt-management service providers within the State of Indiana must cooperate with a new bill that was recently presented. The new bill is labeled SB 328 and modifies the present surety bond requirement debt-management service providers must abide by. The previous legislation required a $25,000 surety bond conditioned on the authentic performance of duties under the laws, regulations and policies. SB 328 states that the surety bond quantity will be established via regulation.
Eric is the Webmaster of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.