If you are engaged in the operation of a Credit Services Organization in the State of Virginia, you are required by thee Department of Agriculture and Consumer Affairs to execute a Virginia Credit Services Organization Bond to ensure compliance with Virginia Code 59.1-335.4.

“Every credit services business, before it enters into a contract with a consumer, shall file and maintain with the Commissioner, in form and substance satisfactory to him, a bond with corporate surety from a company authorized to transact business in the Commonwealth, or a letter of credit from a bank insured by the Federal Deposit Insurance Corporation in an amount equal to 100 times the standard fee charged by the credit services business but in no event shall the bond or letter of credit required under this section be less than $5,000 or greater than $50,000.”

Bonds Express
 offers a Virginia 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 Virginia Credit Services Organization Bond. For the $5,000 – $10,000 bond amount, the minimum premium is $100.

If our rates aren’t already lower, we will beat any competitor’s quote.

* Best Guaranteed Rates require proof of a lower quote.

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 Virginia Credit Services Organization Bond holds you accountable for your business decisions.

By possessing a Virginia 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.