If you are engaged in a business which contracts with delinquent debtors to settle debts with creditors, the California Department of Justice requires that you execute a California General Proraters Bond in the amount of $25,000 to ensure compliance with Subchapter 10 of Chapter 3, Title 10 of the California Code of Regulations.
Bonds Express offers a California General Proraters 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 California General Proraters Bond holds you accountable for your business decisions.
By possessing a California General Proraters Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.