SURETY BOND BLOG

Tag Archives: Credit Service Organization Bond

Credit service organizations must follow special surety rules in Texas thanks to a new law. The new law is titled HB 2594 and requires credit service organizations who participate in deferred presentment transactions or motor vehicle title loans to acquire a surety bond. The required bond must be in the lesser amount of $10,000 for read more »

New legislation was introduced on April 27th, 2009 in the state of Louisiana relating to credit service organizations. The new bill is referred to as SB 110 and terminated the requirement which was the surety bond required of credit service organizations; it must be active for two years following the halt of organization operations in read more »