Why Surety Companies Require Financial Statements May 13, 2021 If your customer needs a surety bond then they may be required to submit both personal and business financial statements during the bond application process. This often comes as a shock to first-time surety buyers, as rarely do other lines of insurance utilize financial statements in …
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Indiana Money Transmitter Bond: A Comprehensive Guide This guide provides information for insurance agents to help money transmitters obtain Indiana Money Transmitter Bonds At a Glance: Lowest Cost: $2,000 per year or $200 per month based on the applicant’s credit Bond Amount: Between $200,000 to $300,000 (more on this later) Who Needs it: All money …
Indiana Small Loan Lender Bond: A Comprehensive Guide This guide provides information for insurance agents to help small loan lenders obtain Indiana Small Loan Lender Bonds At a Glance: Lowest Cost: $500 per year or $50 per month based on the applicant’s credit Bond Amount: $50,000 per location where small loans are made up to …
Indiana Credit Service Organization Bond: A Comprehensive Guide This guide provides information for insurance agents to help credit service organizations obtain Indiana Credit Service Organization Bonds At a Glance: Lowest Cost: $250 per year or $25 per month based on the applicant’s credit Bond Amount: $25,000 Who Needs it: All credit service organizations and foreclosure …
Indiana Debt Management Company Bond: A Comprehensive Guide This guide provides information for insurance agents to help debt management companies obtain Indiana Debt Management Company Bonds At a Glance: Lowest Cost: $500 per year or $50 per month based on the applicant’s credit Bond Amount: $50,000 Who Needs it: All debt management companies seeking to …
Indiana Collection Agency Bond: A Comprehensive Guide This guide provides information for insurance agents to help collection agencies obtain Indiana Collection Agency Bonds At a Glance: Lowest Cost: $100 per year or $10 per month Bond Amount: $5,000 per licensed branch location Who Needs it: All collection agencies seeking to obtain a license in Indiana …
Illinois Exempt Entity Processor Bond: A Comprehensive Guide This guide provides information for insurance agents to their customers obtain Illinois Exempt Entity Processor Bonds At a Glance: Lowest Cost: $375 per year or $38 per month based on the applicant’s credit Bond Amount: $50,000 Who Needs it: All businesses that provide loan processing services through …
Illinois Community Currency Exchange Bond: A Comprehensive Guide This guide provides information for insurance agents to their customers obtain Illinois Community Currency Exchange Bonds At a Glance: Lowest Cost: $350 per year based on the applicant’s credit Bond Amount: $25,000 per licensed location up to a maximum limit of $350,000 Who Needs it: All businesses …
Illinois Payday Loan Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Illinois Payday Loan Bonds At a Glance: Lowest Cost: $375 per year or $38 per month based on the applicant’s credit Bond Amount: $50,000 for payday lenders with 9 or fewer licensed locations and $500,000 for …
Illinois Consumer Installment Loan Bond: A Comprehensive Guide This guide provides information for insurance agents to their customers obtain Illinois Consumer Installment Loan Bonds At a Glance: Lowest Cost: $375 per year or $38 per month, based on the applicant’s credit Bond Amount: $25,000 per licensed location Who Needs it: All businesses seeking to obtain …
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