If you are engaged in the operation of a Debt Management Service Provider in the State of Oregon, you are required to execute an Oregon Debt Management Service Provider Bond in the amount of $10,000 to ensure compliance with Chapter 697 of the Oregon Revised Statutes.
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 Oregon Debt Management Service Provider Bond holds you accountable for your business decisions.
By possessing an Oregon Debt Management Service Provider Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.