Rhode Island 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 Rhode Island, you must execute a Rhode island Debt Management Services Provider Bond in the amount of $50,000 to be in compliance with Section 19-1408-13 of the Rhode Island Statutes.
Bonds Express offers a Rhode Island 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 Rhode Island Debt Management Services Provider Bond holds you accountable for your business decisions.
By possessing a Rhode Island 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.