Connecticut Debt Adjuster Bond: A Comprehensive Guide This guide provides information for insurance agents to help debt adjusters obtain Connecticut Debt Adjuster Bonds At a Glance: Lowest Cost: 2% of the bond amount per year based on the debt adjuster’s credit Bond Amount: Determined on a case by case basis (more on this later) Who …
Connecticut Debt Negotiator Bond: A Comprehensive Guide This guide provides information for insurance agents to help debt negotiators obtain Connecticut Debt Negotiator Bonds At a Glance: Lowest Cost: $1,000 per year or $100 per month, based on the debt negotiator’s credit Bond Amount: $50,000 Who Needs It: All debt negotiators seeking to obtain a license …
Surety Bond Basics: Understanding Bond Terms April 1, 2021 Surety bonds are different from more traditional lines of insurance, and agents who primarily deal in home, life, and auto insurance are often left scratching their heads when it comes time to renew their customers’ bonds. Unlike insurance, the term duration requirements for a surety bond …
Connecticut Consumer Collection Agency Bond: A Comprehensive Guide This guide provides information for insurance agents to help consumer collection agencies obtain Connecticut Consumer Collection Agency Bonds At a Glance: Lowest Cost: $375 per year or $38 per month, based on the bond applicant’s credit Bond Amount: $50,000 Who Needs It: All consumer collection agencies seeking to …
Colorado Mortgage Loan Originator Bond: A Comprehensive Guide This guide provides information for insurance agents to help mortgage loan originators obtain Colorado Mortgage Loan Originator Bonds At a Glance: Lowest Cost: 0.75% of the bond amount per year based on the mortgage loan originator’s credit Bond Amount: $25,000 for individual license applicants $100,000 for group …
Colorado Money Transmitter Bond: A Comprehensive Guide This guide provides information for insurance agents to help money transmitters obtain Colorado Money Transmitter Bonds At a Glance: Lowest Cost: 1.5% of the bond amount per year based on the money transmitter’s credit Bond Amount: Anywhere between $250,000 to $2 million (more on this topic later) Who …
Colorado Supervised Lender Bond: A Comprehensive Guide This guide provides information for insurance agents to help supervised lenders obtain Colorado Supervised Lender Bonds At a Glance: Lowest Cost: 1.5% of the bond amount per year based on the supervised lender’s credit Bond Amount: Based on the lender’s total loan volume for the prior calendar year …
Colorado Debt Management Services Provider Bond: A Comprehensive Guide This guide provides information for insurance agents to help debt management services providers obtain Colorado Debt Management Services Provider Bonds At a Glance: Lowest Cost: $750 per year or $75 per month, based on the debt management services provider’s credit Bond Amount: $50,000 Who Needs It: …
Colorado Collection Agency Bond: A Comprehensive Guide This guide provides information for insurance agents to help collection agencies obtain Colorado Collection Agency Bonds At a Glance: Lowest Cost: 0.75% of the bond amount per year, based on the applicant’s credit Bond Amount: Minimum of $12,000 and a maximum of $20,000 (more on this topic later) …
Colorado Repossessor Bond: A Comprehensive Guide This guide provides information for insurance agents to help repossessors obtain Colorado Repossessor Bonds At a Glance: Lowest Cost: $375 per year or $38 per month, based on the repossessor’s credit Bond Amount: $50,000 Who Needs It: All individuals and business entities who act as repossessors in the State of …
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