If you are engaged in the operation of a Competitive Local Exchange Servicen in the State of Virginia, you are required by the Division of Economics and Finance of the Virginia State Corporation Commission to execute a Delaware Credit Services Organization Bond in the amount of $50,000 to ensure compliance with Section 2404, Chapter 24, Subtitle II, Title 6 of the Delaware Laws.
Bonds Express offers a Virginia Competitive Local Exchange Service 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 Virginia Competitive Local Exchange Service Bond holds you accountable for your business decisions.
By possessing a Virginia Competitive Local Exchange Service Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.