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If you are engaged in the operation of a Credit Services Organization in the State of Arizona, you may be required to execute an Arizona Credit Services Organization Bond to ensure compliance with Sections 44-1703 and 44-1708 of the Arizona Revised Statutes. Per Section 44-1708:
“The bond shall be in an amount equal to five percent 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 the buyers during the previous twelve months, but in no case shall the bond be less than five thousand dollars or more than twenty-five thousand dollars.”
Bonds Express offers a Arizona Credit Services Organization Bond with a 100% 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 Arizona Credit Services Organization Bond holds you accountable for your business decisions.
By possessing an Arizona 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.