If you are engaged in providing Credit Counseling Services or Debt Management Services in the the State of Virginia, you are required to execute a Virginia Credit Counseling Services Provider Bond in the amount of $50,000 to ensure compliance with § 6.2-2204 of the Virginia Code.
Bonds Express offers a Virginia Credit Counseling Services Provider Bond with a 99% approval rate.
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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 Credit Counseling Services Provider Bond holds you accountable for your business decisions.
By possessing a Virginia Credit Counseling Services Provider Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.