Washington DC Consumer Sales Finance Companies are required under the District of Columbia Consumer Sales Finance law, 26 DCMR C 2500 et. seq. and 16 DMCR 300 et. seq. to file a Washington DC Consumer Sales Finance Company Bond as a condition of licensure.
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 Washington DC Consumer Sales Finance Company Bond holds you accountable for your business decisions.
By possessing a Washington DC Consumer Sales Finance Company Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.