If you are engaged in the operation of a Credit Services Organization in the State of Pennsylvania, you are required to execute a Pennsylvania Credit Services Organization Bond to ensure compliance with the Pennsylvania Credit Services Act of 1992, P.L. 1144, No. 150.
” The bond or the trust account shall be in an amount equal to 5% of the total amount of the fees charged buyers by the credit services organization under the contracts entered into between the credit services organization and such buyers during the previous 12 months, but in no case shall the bond be less than $5,000 nor more than $25,000.”
Bonds Express offers a Pennsylvania Credit Services Organization Bond with a 99% approval rate.
We can offer a GOOD CREDIT PRICE as low as .8% of the bond amount for a Pennsylvania Credit Services Organization Bond. For the $5,000 – $10,000 bond amount, the minimum premium is $100.
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 Pennsylvania Credit Services Organization Bond holds you accountable for your business decisions.
By possessing a Pennsylvania Credit Services Organization Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.