If you are engaged in the operation of a Debt Settlement Company in the State of Indiana, you are required by the Indiana Department of Financial Institutions to execute an Indiana Debt Settlement Bond in the amount of $25,000 to ensure compliance with Section 24-5-15-2 et. seq. of the Indiana Code.
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 Indiana Debt Settlement Bond holds you accountable for your business decisions.
By possessing a Indiana Debt Settlement Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.