If you are engaged as a settlement agent in North Carolina you are required under Article 19A of Chapter 53 of the State of North Carolina General Statutes to file a North Carolina Good Funds Settlement Act Bond as a condition of licensure.
Bonds Express offers a North Carolina Good Funds Settlement Act Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The North Carolina Good Funds Settlement Act Bond holds you accountable for your business decisions.
By possessing a North Carolina Good Funds Settlement Act Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.