North Carolina Credit Repair Surety Bond

Communicate With UsIM or Email

Bond Penalty: $10,000

Surety One, Inc. is your trusted partner for securing the North Carolina Credit Repair Services Surety Bond, a mandatory requirement for credit repair businesses operating in the state. This bond ensures compliance with the North Carolina Credit Repair Services Act, safeguarding consumers and promoting ethical business practices.

Understanding the North Carolina Credit Repair Services Surety Bond

In North Carolina, any company offering credit repair services must obtain a surety bond of $10,000. This bond serves as a financial guarantee that the business will adhere to state regulations and fulfill its contractual obligations. Specifically, it protects consumers from potential damages resulting from a credit repair company's breach of contract or legal violations. The bond is in favor of the State of North Carolina, allowing affected individuals to seek compensation for actual damages incurred.

Surety Bond Requirements and the "Fed"

The state law may enhance but may not nullify the Federal Code (15 U.S. Code §1679j) that regulates credit repair activity. There are specific acts prohibited under both state and federal laws. The credit service organization bond may generally be claimed upon for violations of particular state rules, rather than the CRO Act. Be fluent with these!

Why Choose Surety One, Inc.?

We specialize in providing surety bonds tailored to the needs of credit repair businesses in North Carolina. Our expertise ensures a seamless bonding process, allowing you to focus on delivering exceptional services to your clients. North Carolina surety bond leader, Surety One, Inc. is a specialist in the bonding needs of CROs, debt adjustment and collection agencies. We offer both the surety bonds and fidelity bonds needed by debt and credit professionals in all fifty states, Puerto Rico and the U.S. Virgin Islands. Questions about this surety bond? Call us at (800) 373-2804, email us at Underwriting@SuretyOne.com or click here for live chat. A credit repair organization bond is quick, easy and delivered in hours.

Surety bond application review and quoting are free of charge. There is no obligation to purchase.

What We Need From You