Tennessee is one of several states that have enacted the Uniform Debt-Management Services Act. Under the conditions of this Act, if you are engaged in the operation of a Debt Management Service in the State of Tennessee, you must execute a Tennessee Debt Management Services Provider Bond in the amount of $50,000 to be in compliance with Section 47-18-5501 of the Tennessee Code Annotated Statutes.
Bonds Express offers a Tennessee Debt Management Services Provider 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 Tennessee Debt Management Services Provider Bond holds you accountable for your business decisions.
By possessing a Tennessee Debt Management Services Provider Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.