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 the State or after the organization has filed notice with the Attorney General, whichever is later. SB 110 was enacted on 06/18/2009.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.